Fed Reveals Which "Developments To Financial Stability" It Is Most Worried About
For a Yellen testimony which explicitly focused on "financial conditions" which have become "less supportive of growth" as one of the chief risks facing the Fed's rate hike philosophy, we were surprised to find that the list of troubling developments "related to financial stability" as laid out in the Fed's Monetary Policy Report to Congress which accompanies the chairwoman's testimony, was relatively sparse.