FXstreet

While the market focused on the possibility that the Fed may be near the end of rate hikes, Fed Chairman Powell made a more important point when he highlighted the risks that corporate indebtedness pose to the U.S. economy.



Stocks surged after Federal Reserve Chairman Jerome Powell delivered a speech to the Economic Club of New York on November 28, 2018, where he introduced the Fed’s Financial Stability Report, inspired by and modeled after the European Central Bank’s Financial Stability Review.

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