Bernanke Agrees: Nuke the Stock Market

ZH: "It Was A Mistake" - Bernanke Says Fed's Fear Of 'Shocking' The Market Delayed Tightening Move

He explains why the Fed missed the window of opportunity to tighten:

"One of the reasons was that they wanted not to shock the market.

"Jay Powell was on my board during the Taper Tantrum in 2013, which was a very unpleasant experience. He wanted to avoid that kind of thing by giving people as much warning as possible. And so that gradualism was one of several reasons why the Fed didn't respond more quickly to the inflationary pressure in the middle of 2021," he said.

Former Fed officials are directly and indirectly calling for the stock market to be thrown to the wolves, if that's what it takes to beat back inflation. They're providing cover for Powell to do what is necessary. Although it's really rich for Bernanke to say this without admitting he made exactly the same mistakes, as did Yellen and Greenspan.