Federal Reserve will remain alert to financial stability risks: Powell

The new chairman of the U.S. Federal Reserve says the global economy is recovering strongly for the first time in a decade,... but the Fed needs to remain alert to any emerging risks to financial stability.
At his ceremonial swearing-in on Tuesday,... Jerome Powell said the Fed is in the process of "gradually" raising interest rates and trimming its massive holdings of Treasury bonds.
He said the Fed is looking to normalize its policies in a way that will extend the recovery and bolster its goals of achieving stable inflation and maximum employment.