financial stability poses potential risk to economy By Reuters

© Reuters. FILE PHOTO: St. Louis Fed Chairman James Bullard speaks about the US economy during an interview in New York City on February 26, 2015. REUTERS / Lucas Jackson / File Photo

(Reuters) – Federal Reserve Bank of St. Louis chairman James Bullard said on Monday that the Fed views financial instability as a “potential risk” to the US economy as the pandemic draws to a close and as the recovery gains momentum.

“We are monitoring financial stability very closely,” Bullard told Yahoo Finance. “I would say the risks of instability are higher than normal, but still not at an alarming level.”

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