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Fed's Powell says signs of financial excess are 'isolated'

from Reuters

Low interest rates have helped the Federal Reserve get close to meeting its goals for employment and inflation and have yet to create financial instability, Federal Reserve Governor Jerome Powell said on Saturday. "Low rates can lead to excessive leverage and broadly unsustainable asset prices — things that we watch carefully for and do not observe at this point," Powell said in prepared remarks for an economics conference in Chicago. more

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