Fed’s Bostic – GameStop, retail trading volatility does not seem like something monetary policy should address

President of the Atlanta Federal Reserve branch Bostic. 

  •  hard to say how much more fiscal aid is needed given uncertainty of
    virus, effects of aid already approved
  •  focus on next six to nine months and how
    vaccine diffuses into economy
  •  hard to say the quality of the inflation signal
    right now given price swings of recent months
  •  not concerned about “overheating”
    given the deficit of jobs that exists, “long way to go” to
    full employment
  • not seeing any evidence of financial
    instability from equity markets

Earlier posted price chart of the stock Bostic refers to in the headline:

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