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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
