Fed's Powell: Regulators should not 'lean against credit cycles'

FXStreet (Bali) - Fed's Powell is crossing the wires, noting, via Reuters, that regulators should not 'lean against credit cycles' in absence of credible threats to financial core.

Additional headlines

Fed should not interfere in allocation of capital unless has strong case, confidence in objective

Regulators should have higher bar for intervening in credit markets than short-term markets

There remains risk of runs in leveraged loan markets