Yellen says stability risks ‘not elevated’
Fed chair singles out high stock valuations as ‘potential danger’
Risks to financial stability are "not elevated at this point" in time, said Federal Reserve chair Janet Yellen today (May 6) in a conversation with International Monetary Fund managing director Christine Lagarde.
During their discussion at a conference in Washington, DC, Yellen said three trends indicate a higher level of risk, none of which seemed to be a problem at present.
"We are not seeing any broad-based pick-up in leverage. We are not seeing rapid credit growth. We are not seeing an
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