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Fed's Powell: Financial risks 'moderate' despite vulnerabilities

Updated : November 29, 2018 05:40 AM IST

The report flagged tensions over trade, the turbulent Brexit discussions, and trouble in China and emerging markets as shocks that could rock a US financial system in which asset prices are "elevated" and business credit quality may be "deteriorating."
Publishing the report regularly bolsters the Fed's ongoing moves towards greater public transparency about how the central bank uses its broad powers -- a step Powell has said is important to sustain the Fed's continued independence from elected officials in setting monetary policy.
Fed's Powell: Financial risks 'moderate' despite vulnerabilities
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