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Thu, 05 Dec 2019 22:25 GMT

US Business Debt a 'Moderate' Risk to Economy, US Fed's Powell

Politics

7Dnews London

Mon, 20 May 2019 23:43 GMT

The American private sector's mounting debts pose a "moderate" risk to the world's largest economy, the chief of the US central bank said Monday, May 20th, according to AFP. 

"As of now, business debt does not present the kind of elevated risks to the stability of the financial system that would lead to broad harm to households and businesses should conditions deteriorate," Powell said in prepared remarks meant for delivery in Florida. 

Economists warn that corporate debts are at historic highs relative to the size of the US economy, with companies now frequently owing several times what they earn. 


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