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CNBC anchors laugh at UBS "expert" who said Fed didn't boost stocks

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Dec 29, 2018 7:32 AM 3+ mon ago

CNBC anchors laugh at UBS expert who said Fed didnt boost stocks

In at least one way, CNBC and the Fed share an unspoken "third mandate". While according to Congress, the Fed is responsible for maintaining stable prices and low unemployment - and CNBC proclaims to be a purveyor of real-time news and analysis - both organizations have also taken it upon themselves to help prop up asset prices. For anybody who doubts CNBC's perennial bullishness, just take a look back at all of the talk about `this is what a market bottom looks like' that has occurred this week.

And while CNBC has typically laughed at market "conspiracy theories" like the notion that the Federal Reserve has used asset purchases and low interest rates with the explicit goal of propping up stocks, once in a while, a rare nugget of truth slips out.

During a segment on Friday morning's "Squawk on ...

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Watch CNBC Anchors Laugh At UBS "Expert" Who Said Fed Did Not Boost Stocks

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Fri, 12/28/2018 - 20:52 In at least one way, CNBC and the Fed share an unspoken "third mandate". While according to Congress, the Fed is responsible for maintaining stable prices and low unemployment...

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Strong results from UBS, Peugeot boost European stocks Reuters Staff 2 Min Read LONDON (Reuters) - Strong results from bank UBS, autos firm PSA and chipmaker AMS propelled European stocks up on Tuesda...

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