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

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

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. 

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