Fed's Brainard: Financial system are 'moderate

Ross J Burland FXStreet

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.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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