Back in the 90s a Fed chief warned about 'irrational exuberance' in the markets. Stocks rose 105% over the next 4 years

fortune.com/2025/09/30/jerome-powell-stock-market-equity-prices-high-quote-outlook

Gen Zers are no doubt baffled by such recent headlines as “Fed Chair Powell just had his ‘irrational exuberance’ moment, Ed Yardeni says” and “Did Jerome Powell Just Say Irrational Exuberance?” Those headlines refer to a long-ago event involving a previous Fed chair, dizzyingly high…

This story appeared on fortune.com, 2025-09-30 13:18:48.487000.
The Entire Business World on a Single Page. Free to Use →