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Fed Chair Powell Says Credit Has Been Tight For Some Time; Credit Growth Has Been Modest; Our Large Banks Are Strong, Well Capitalized; U.S. Banking System Overall Is In Good Shape; Lending Activities By Nonbanks Are Growing Very, Very Fast; We Need...

Benzinga ·  May 14 22:50

Fed Chair Powell Says Credit Has Been Tight For Some Time; Credit Growth Has Been Modest; Our Large Banks Are Strong, Well Capitalized; U.S. Banking System Overall Is In Good Shape; Lending Activities By Nonbanks Are Growing Very, Very Fast; We Need To Monitor That Very Carefully, We Worry About That Fast Growth

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