Fed's Bullard: financial stability poses potential risk for economy

(Reuters) - Federal Reserve Bank of St. Louis President James Bullard said on Monday that the Fed is taking financial instability on board as a "potential risk" for the U.S. economy as the pandemic nears an end and the recovery gains steam.

"We monitor financial stability very closely," Bullard told Yahoo Finance. "I would say instability risks are higher than normal, but still not at an alarming level."

(Reporting by Ann Saphir)

You May Also Be Interested In

• Nvidia discusses Perplexity investment at $30 billion-plus valuation, The Information reports
• Scandal-hit KPMG Australia to cut nearly 400 jobs, warns of difficult market
• Zelenskiy says Ukraine not behind Nord Stream blasts, cooperating with probe