Arab Today, arab today feds yellen warns stock values quite high
Last Updated : GMT 18:22:07
Arab Today, arab today
Arab Today, arab today

Fed's Yellen warns stock values 'quite high'

Arab Today, arab today

Arab Today, arab today Fed's Yellen warns stock values 'quite high'

Federal Reserve Board Chairwoman Janet Yellen
Washington - AFP

Federal Reserve Chair Janet Yellen warned Wednesday that US stock market valuations were "quite high" and pose "potential dangers" to financial stability.

Yellen, discussing lessons from the 2008 financial crisis at a conference co-hosted by the International Monetary Fund, noted that the current risks to financial stability are "moderated, not elevated."

But, she said, "equity market valuations are at this point quite high.

"There are potential dangers there," she said, but added there was no rapid credit growth and "no signs of a financial bubble."

"I believe we are better positioned now" to see risks, she said.

Yellen highlighted progress in spotting risks from the post-crisis regulatory reforms to address financial system weakness.

 

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