Powell speech: Comparison of current business debt levels to subprime mortgage crisis “not fully convincing”

Further comments are out from the Fed Chair Powell, as he continues to speak on the business debt levels. So far he hasn’t touched upon the topic of monetary policy.

Comparison of current business debt levels to subprime mortgage crisis “not fully convincing”.

“Stronger financial system, lack of asset bubbles among differences.”

“If business sector healthy overall, with debt servicing costs low relative to income.”