Jerome Powell speech: Hard Brexit would have an impact on US

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is now responding to questions from the press, with key quotes found below.

• Corporate debt is more of a macroeconomic risk rather than financial stability risk.
• We've been monitoring Brexit situation for a long time.
• Making sure its regulated firms will be able to deal with a full range of possible Brexit outcomes.
• Hard Brexit would have an impact on the U.S.; if there were financial turmoil would have a bigger impact.

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About Jerome Powell (via Federalreserve.gov)

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.