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The Most Important Statement In Fed Chairman Powell's Speech

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by , 11-29-2018 at 04:17 AM (229 Views)
      
   
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.

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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 Fedís Financial Stability Report, inspired by and modeled after the European Central Bankís Financial Stability Review.

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