Private credit risks can lead to widespread distress; Fed’s Michael Barr warns of ‘psychological contagion’ & more related News Here
US Federal Reserve Governor Michael Barr has warned that stress in the booming private debt market could lead to “psychological contagion” and spread to the broader financial system, Reuters reported, citing an interview with Bloomberg News.Barr said the direct relationship between banks and private credit firms does not appear to be “overtly worrisome” at present,…
