Wall Street higher after Powell says gradual rate hikes counter risks
November 28, 2018Instant View: Fed’s gradual rate hikes balance against risks – Powell
November 28, 2018Fed’s Powell: Financial risks ‘moderate’ despite vulnerabilities
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The U.S. faces only moderate financial risks despite elevated asset prices and concern over the possible impact of rising corporate debt, U.S. Fed chairman Jerome Powell said on Wednesday as the central bank released a broad overview of the health of credit markets and the financial system.
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