Risks to financial stability are "not elevated at this point" in time, said Federal Reserve chair Janet Yellen today (May 6) in a conversation with International Monetary Fund managing director Christine Lagarde.
During their discussion at a conference in Washington, DC, Yellen said three trends indicate a higher level of risk, none of which seemed to be a problem at present.
"We are not seeing any broad-based pick-up in leverage. We are not seeing rapid credit growth. We are not seeing an incre
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