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MNI BRIEF: Fed's Powell Notes Froth in Equity Markets

WASHINGTON (MNI)

Federal Reserve Chair Jerome Powell said elevated equity prices reflect some sign of "froth" and indicated he was not overly concerned about financial stability risks in any way that might deter the Fed's easy monetary policies.

"The overall financial stability picture is mixed but on balance it's manageable," Powell said at a press conference on Wednesday.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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