Powell: The Current Period Is Not One of Increased Financial Stability Risk

BlockBeats News, September 24th, Federal Reserve Chair Powell stated that it is not currently a period of heightened financial stability risk. If policy is not in the right place, action will be taken to adjust it. "The Fed is focused on the financial markets, but our emphasis is on our dual mandate."

Currently, banks have sufficient capital, and households are in good shape. (FX678)