Fed Warns “Vulnerabilities” From Elevated Asset Valuations “Pose Risks To Financial Stability”

In today’s FOMC Minutes, Fed member issued yet another explicit warning to America’s investing public (before they pull the pin on the balance sheet normalization) about asset valuations beiung “vulnerable” and also piling on once again that commercial real estate values were “elevated.”
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Of course, traders don’t care and have bid stocks to the highs of the day.

This post was published at Zero Hedge on May 24, 2017.