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Powell reassures interest rates are in ‘good place’ amid the oil price shock
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Powell reassures interest rates are in ‘good place’ amid the oil price shock
Federal Reserve Chair Jerome Powell said that he does not currently see a risk of contagion in private credit markets that could spill over into the broader financial system, though the Fed is monitoring developments closely. Speaking at Harvard University, Powell explained, “We’re looking for connections to the banking system and things that might, you know, result in contagion. We don’t see those right now.” Powell added that what is unfolding…
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