Fed's Brainard: Financial system are 'moderate
|Fed's Brainard, (dove), has hit the wires saying that risks to the U.S. Financial system are 'moderate' though the Fed is monitoring effects of fiscal stimulus.
Fed's Brainard:
- Financial asset valuations stretched, cyclical pressures building.
- Asset prices may be particularly vulnerable to outside economic shock.
- Risks to U.S. Financial system 'moderate' though fed monitoring effects of fiscal stimulus.
- May need to raise banks capital buffer if cyclical pressures build, vulnerabilities grow.
- Fed monitoring 'extreme volatility' of cryptocurrencies; could raise investor-protection issues.
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