Biden Aides Say Market Oversight of GameStop Frenzy Is Working
- Bernstein: speculation, volatility are ‘a constant’ in markets
- Deese says administration to look at markets policy broadly
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President Joe Biden’s top economic advisers expressed confidence in U.S. market regulators, with one saying they should be concerned less with speculation and volatility than with ensuring that the “underlying plumbing” is sound.
That’s the job of the U.S. Securities and Exchange Commission “and if you read their statements, you’ll find that they’re very much on that case,” Jared Bernstein, a member of Biden’s Council of Economic Advisers, said on “Fox News Sunday.”