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Former Fed Chair Jerome Powell's 6-Word Warning Echoes Louder Than Ever -- and It Should Rightly Terrify Wall Street

Jerome Powell boldly went where few Fed chairs have gone before.

Former Fed Chair Jerome Powell's six-word warning about stock valuations has grown louder on Wall Street, potentially terrifying investors. In May 2026, Powell, now on the Board of Governors of the Federal Reserve, warned that equity prices are "fairly highly valued" during a rare discussion on stock valuations.

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General American Investors Financial Chief Purchases $71,040 Preferred Stock. Is This Closed-End Fund a Bargain?

Samantha X. Jin, Treasurer/PAO/PFO, acquired 3,000 shares across direct and indirect accounts, expanding beneficial ownership to 14,345 shares.

  • Samantha X. Jin, GAM Treasurer, bought 3,000 shares of preferred stock on September 17, 2026.
  • Preferred stock purchase valued at $71,040, with current market price at $65.02 per share.
  • GAM operates as a closed-end fund with 13% discount to net asset value.

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