Federal Reserve Governor Cook: The likelihood of a sharp decline in asset prices has increased.

Odaily Planet Daily reports that Federal Reserve Governor Cook stated that while the possibility of a sharp decline in asset prices has increased, this does not pose a risk to the financial system. The U.S. financial system is resilient. The application of generative artificial intelligence in trading has raised concerns, but it could also bring benefits and requires careful monitoring. Private lending currently does not pose a threat to financial stability, but it warrants close attention. (Jinshi)