Browsing: Economy

Economy

Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that “the banking system is strong,” and that while “there are some issues to address in the capital markets, I wouldn’t say they rise to the level of grave systemic importance.” He did flag cyber risk as a key threat to financial stability.

Economy

Consumer credit demand sharply rebounded in 2021, with most credit application rates rising and returning to 2019 levels, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today.

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