Imagine if Jay Powell said this: “Financial vulnerabilities of the U.S. financial system are notable, and asset valuation pressures are elevated.” Impossible, right? But that’s *exactly* what the Fed’s own staff told the FOMC last month.
Imagine if Jay Powell said this: "Financial vulnerabilities of the U.S. financial system are notable, and asset valuation pressures are elevated." Impossible, right? But that's *exactly* what the Fed's own staff told the FOMC last month.https://t.co/Ur6pqEoL5W — Brian Chappatta (@BChappatta) February 18, 2021 Junk Buyers Desperate for Debt Are Pressing Companies to Borrow [Bloomberg] I … Read more