The latest Financial Stability Report underscores the importance of our ongoing work to identify and closely monitor risks to the financial system and to ensure the financial system remains resilient. In particular, the report assesses how key financial system vulnerabilities and strengths have evolved over the last six months. Among other findings, it is noteworthy that households and businesses have decreased their borrowing as a percentage of gross domestic product (GDP), and currently appear to have resources to cover debt burdens, which is an important aspect of resilience in an environment of rising interest ... (full story)