Corporate debt levels would amplify downturn, Brainard warns

Lael Brainard

Federal Reserve governor Lael Brainard has hinted that measures to curb financial vulnerabilities should be used, warning that the corporate debt market could amplify a future downturn.

Leveraged lending, corporate debt-to-asset ratios and the share of low-rated investment-grade bonds are all likely breaching levels that could be expected to amplify a downturn, Brainard warned in a testimony to the House of Representatives’ subcommittee on financial services today (September 25).


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: