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US Fed sees steady economy, only 'moderate' financial vulnerabilities

In its semiannual report to Congress, it stated investment and consumer confidence both healthy

Reuters  |  Washington 

The US economy continues to churn out jobs and grow at a steady pace, with investment and consumer confidence both healthy and only moderate signs of risk in financial markets, the US Federal Reserve said on Friday in its semiannual report to Congress. With stock markets near record levels, and interest rates and credit conditions still loose, the report gave detailed attention to whether the financial system and bond markets posed any particular threat to the country's eight-year economic expansion. The answer so far is no, said the Fed, noting that there is little evidence ...

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First Published: Fri, July 07 2017. 23:01 IST