Fed's Powell says central bank is watching private credit issues

NEW YORK, March 30 (Reuters) - Federal Reserve Chair Jerome Powell said on Monday the central bank is watching developments in the private sector for trouble.

When it comes to private credit, “it's a relatively small part of a very large asset pool, we're watching it super carefully,” Powell said at Harvard University. While stopping short of saying how much trouble the sector currently presents, he said: “You're not going to hear people say, oh, there's no problem here, because that's a jinx.”