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Kashkari Says Let Market Be: If Investors Lose, ‘That’s on Them’

  • Says if speculators want to battle it out, ‘God bless them’
  • Minneapolis Fed chief is latest official to wave away concerns
Neel Kashkari
Neel KashkariPhotographer: David Paul Morris/Bloomberg
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Federal Reserve Bank of Minneapolis President Neel Kashkari on Monday became the latest central bank official to push back against the idea that the trading frenzy in GameStop Corp. and other hot stocks calls for a monetary policy response.

GameStop has gotten a lot of attention. If one group of speculators wants to have a battle of wills with another group of speculators over an individual stock, God bless them,” Kashkari said while answering questions during a virtual town hall event.