Powell Reassures Markets That Fed Is Alert to Developing Risks

The transcript covers Powell's remarks on financial stability and the gradual normalization of interest rate policy and balance sheet. It discusses market sensitivity to fundamentals, noting that while fundamentals haven't changed, prices have. The conversation highlights shifts in market sentiment and Powell's cautious approach to financial stability, emphasizing his role on the Federal Reserve Board since 2012.

What is the speaker's opinion on Powell's approach to financial stability risks?

How long has Powell been on the Federal Reserve Board, according to the speaker?