Business debt rising but not posing threat to system, Fed Chair Powell says
Particular concern has been raised about companies whose bonds are rated close to junk and would have trouble rolling over that debt should rates continue to rise.
His speech focused solely on risks to the financial system and did not delve into monetary policy and the Fed's intentions regarding interest rates. At around $6.2 trillion, nonfinancial corporate debt is around record levels. Powell noted that individual businesses that have levered up do face risks of financial strain. But, he said, overall debt-to-GDP has risen at a rate consistent with other expansions and is not posing the threat of a bubble.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FAA Has ‘Credibility Problem’ Over Boeing 737 MAX Safety Approval, House Panel Chair SaysMembers of a House panel signaled frustration at the progress of their oversight investigation into Boeing, the 737 MAX aircraft, and the FAA’s approval of the airliner to enter service
Read more »
Hate content pledge is a landmark in how social networks will operate, ad group chair saysA new pledge to stop hateful content from appearing online will have a significant impact on how social networks operate, according to Maurice Levy, chair of one of the world's largest ad groups. The so-called 'Christchurch Call' aims to sign up countries and tech companies to a pledge to clamp down on hate content after shootings at two mosques in Christchurch, New Zealand, were broadcast live on Facebook in March.
Read more »
Nick Kyrgios throws chair at Italian Open; players debate punishmentNick Kyrgios walked off the court in a fit of rage and was defaulted from his second-round match at the Italian Open.
Read more »
RNC chair says she personally opposes Alabama abortion lawRepublican National Committee Chairwoman Ronna McDaniel said she personally opposes Alabama’s new abortion law
Read more »
Florida GOP chair ‘not supportive’ of Trump migrant planFlorida GOP Chairman Joe Gruters says he does not support the Trump administration’s decision to send up to 1,000 migrants a month to Florida counties, marking another steadfast Trump ally who opposes the move
Read more »
17 Celebrity Tweets About The 'Game Of Thrones' Finale'Drogon said EFFF ur lil chair!'
Read more »
Opinion | As Trump blunders into disaster, Adam Schiff sounds the alarmThe House Intelligence Committee chair warns of a looming 'unmitigated disaster.'
Read more »