Federal Reserve Governor Lisa Cook, in a recent speech at the Brookings Institution, addressed the status of the U.S. financial system, emphasizing its resilience despite the growth in private credit. Cook highlighted that financial firms are well-positioned to handle shocks and have adequate buffers to manage potential risks. She noted that the overall risk from commercial real estate is sizable but manageable. Cook also pointed out that while U.S. households and financial institutions remain resilient, she is closely monitoring rising delinquency rates.
Federal Reserve Cook's Speech Summary via Reuters: - U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb potential shocks, Federal Reserve Governor Lisa Cook said on…
“The growth of private credit likely has not materially adversely affected the financial system’s resilience,” Federal Reserve Governor Lisa Cook says at an event held by the Brookings Institution https://t.co/Of1zvwxYC0 https://t.co/K2VVgUl7qS
Fed's Cook: Overall risk from CRE is considered “sizable but manageable”. Growth of private credit likely has not hurt the financial system's resilience, the sector appears well positioned to hold riskiest corporate credit. Financial firms well positioned to absorb shocks;… https://t.co/eOr6rPP95j
FED'S COOK: IN REVIEW OF FINANCIAL STABILITY, "HOUSEHOLDS REMAIN RESILIENT BUT I AM WATCHING RISING DELINQUENCY RATES."
FED’S COOK, IN REVIEW OF FINANCIAL STABILITY, SAYS HOUSEHOLDS REMAIN RESILIENT BUT SHE IS WATCHING RISING DELINQUENCY RATES
FED'S COOK: OVERALL RISK FROM CRE IS CONSIDERED “SIZABLE BUT MANAGEABLE”.
FED'S COOK: FINANCIAL FIRMS WELL POSITIONED TO ABSORB SHOCKS; SUPERVISORS WORKING WITH FIRMS THAT HAVE SEEN FAIR-VALUE LOSSES FROM HIGH RATES AND THOSE WITH LARGE COMMERCIAL REAL ESTATE EXPOSURE.
FED'S COOK: HOUSEHOLDS REMAIN RESILIENT BUT I AM WATCHING RISING DELINQUENCY RATES.
FED'S COOK: GROWTH OF PRIVATE CREDIT LIKELY HAS NOT HURT THE FINANCIAL SYSTEM'S RESILIENCE, THE SECTOR APPEARS WELL POSITIONED TO HOLD RISKIEST CORPORATE CREDIT.
WATCH LIVE: Fed’s Cook Speaks On Financial Stability Approx. 18:30 BST https://t.co/SIiNDJtsRq
Heads Up:🇺🇸 Fed Cook Speech due at 17:30 GMT (15min) https://t.co/wUgOpoclv0
Heads Up:🇺🇸 Fed Collins Speech due at 15:45 GMT (15min) https://t.co/wUgOpoclv0
Heads Up:🇨🇦 BoC Rogers Speech due at 19:30 GMT (15min) https://t.co/5NYXm11hwI
Heads Up:🇩🇪 Bundesbank President Nagel Speech due at 17:00 GMT (15min) https://t.co/5NYXm11hwI
Heads Up:🇺🇸 Fed Kashkari Speech due at 15:30 GMT (15min) https://t.co/5NYXm11hwI
Heads Up:🇦🇺 RBA Press Conference due at 05:30 GMT (15min) https://t.co/5NYXm11hwI
Heads Up:🇺🇸 Fed Williams Speech due at 17:00 GMT (15min) https://t.co/ypDVkXAL7J
Heads Up:🇺🇸 Fed Barkin Speech due at 16:50 GMT (15min) https://t.co/ypDVkXAL7J
Heads Up:🇨🇭 SNB Jordan Speech due at 12:25 GMT (15min) https://t.co/ypDVkXAL7J
Heads Up:🇺🇸 Fed Williams Speech due at 23:45 GMT (15min) https://t.co/jTFTZkoxY0
Heads Up:🇺🇸 Fed Goolsbee Speech due at 23:45 GMT (15min) https://t.co/jTFTZkoxY0