Powell says Fed is watching private credit for risks
Fed Chair Jerome Powell says the central bank is monitoring private credit. He noted that while some losses may occur, there is no sign of a systemic threat.
Xurve View
Xurve View
Federal Reserve Chair Jerome Powell stated on Monday that the central bank is closely monitoring the private credit sector for potential vulnerabilities. Speaking at an event at Harvard University, Powell clarified that while officials are vigilant, they do not currently anticipate that issues within this opaque market will destabilize the broader financial system of the United States.
