Top Fed regulatory official Barr
The Fed’s Barr who’ operated in a cautious ways is the Fed VIce Chair in charge of supervision and the top regulatory official, is speaking on risks.
He outlines the broad spectrum of the major risks. He might include Russia as well.
As the Fed raises rates at what has been an unprecedented accelerated pace, it can lead to cracks from the increased risks. Add to the risks other external factors like cyber, China, Russia… maybe Covid especially in China, and the moving target can be daunting and overwhelming. That is the tightrope the Fed is walking on.