Fed's Yellen:Â Threats to Financial Stability Are Moderate

The transcript discusses the current state of financial stability, noting that threats are moderate and asset valuations are within historical norms. It highlights weak investment spending, partly due to reduced drilling activity from falling oil prices, but extends beyond that sector. Consumer sentiment and spending are strong. The speaker addresses the scope for further monetary policy action, expressing concerns about the zero lower bound and the large balance sheet, indicating limited scope for future policy adjustments.

What concerns does the teacher express regarding monetary policy?

What is the current status of the funds rate in relation to the normal level?