Fed chair plays down fear of corp debt bust despite near-record high

Phil Thornton

May 23, 2019 05:15 PM

Powell2_PA_230x150 — March 20, 2019 - Washington, DC, United States of America - U.S. Federal Reserve Chairman Jerome Powell answers a questions during a press conference following the Federal Open Market Meeting March 20, 2019 in Washington, DC. The Federal Reserve announced they will hold interest rates steady and indicated that no more hikes will be coming this year. (Credit Image: © Britt Leckman via ZUMA Wire) | Britt Leckman/Zuma Press/PA Images

Business debt has reached near record levels that should give businesses and investors reason to “pause and reflect”, warned Jerome Powell, chair of the US Federal Reserve, this week.

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Phil Thornton