Fed staff suggest more worry over financial risk than Powell

Speaking to reporters on Jan 27 after the Fed’s last policy making meeting, Powell called financial stability vulnerabilities overall “moderate.” Central bank staff gave a less sanguine assessment in their presentation at the January meeting

NEW YORK: Federal Reserve staff members gave a potentially more worrisome assessment of the risks to financial stability in the central bank’s policy meeting last month than the one presented publicly by chair Jerome Powell.

Speaking to reporters on Jan 27 after the Fed’s last policy making meeting, Powell called financial stability vulnerabilities overall “moderate.”