WASHINGTON | Fed: Some US businesses’ debt at highest level in 2 decades
WASHINGTON — American corporations have elevated their debt loads to potentially risky levels, the Federal Reserve said Wednesday in a report that raised concerns about the financial system 10 years after the 2008 crisis erupted.
The Fed’s report was its first assessing the stability of the U.S. financial system. A decade after the financial crisis, the report points to excessive borrowing by households and businesses, banks’ elevated debt levels, and high prices for stocks and other assets exceeding their real value.
