The Federal Reserve Board of Governors member Cook: The possibility of a significant fall in asset prices has increased.

Odaily News The Federal Reserve Board of Governors Cook stated that the possibility of a significant fall in asset prices has increased, but this does not pose a risk to the financial system. The U.S. financial system is resilient. The application of generative artificial intelligence in trading raises concerns but may also bring benefits, requiring cautious follow-up. Private credit currently does not pose a threat to financial stability, but it is worth close attention. (Jin10)