Federal Reserve Alert! Vice Chair Lael Brainard: 'the risk that a shock could lead to the amplification of vulnerabilities, for instance due to strained liquidity in core financial markets or hidden leverage.'
![](https://dismal-jellyfish.com/content/images/2023/07/image-357.png)
Source: https://www.federalreserve.gov/publications/brainard-statement-20221104.htm