All NEW Investors: Your gift matched $ for $ this week! GIVE NOW

Fed Chair says corporate debt a concern, not yet a catastrophe

Sabri Ben-Achour May 21, 2019
HTML EMBED:
COPY
Federal Reserve Board Chairman Jerome Powell. Mark Wilson/Getty Images

Fed Chair says corporate debt a concern, not yet a catastrophe

Sabri Ben-Achour May 21, 2019
Federal Reserve Board Chairman Jerome Powell. Mark Wilson/Getty Images
HTML EMBED:
COPY

The ratio of business debt to U.S. GDP is at historic highs. Fed Chair Jerome Powell said signs don’t point to corporate debt bringing down the whole financial system. But he also said there are some things we don’t know about the levels of corporate debt, especially the risky debt. 

Click on the audio player to listen to the story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.