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Contained liquidity.

A $1.6 trillion credit market could batter the global economy. And you will take the hit if it implodes, not Wall Street.

Leveraged loans have caught a lot of heat in recent months as a potential cause of the next recession and broader financial doom, but what are they?
A composite image of President Donald Trump (left) and former Fed Chair Janet Yellen (right).

Former Fed Chair Janet Yellen says Trump doesn’t understand the Federal Reserve or economic policy

Janet Yellen, now at the Brookings Institution, told Marketplace that Trump doesn't have a basic grasp of macroeconomic policy or the Fed's goals.

Janet Yellen warns that the government shutdown will make people less willing to shop

Janet Yellen, former Federal Reserve chair, said that if the government shutdown continues, it could impact consumer sentiment and the retail sector.

Federal Reserve Chairman Jerome Powell just brushed off months of attacks from Trump

Federal Reserve Chairman Jerome Powell was unfazed by President Donald Trump's constant attacks on his the Fed's rate hikes and his job performance.
Chairman of the Federal Reserve nominee Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC.

Mnuchin says Trump doesn’t believe he has the right to fire the Fed chair, despite reports saying he has privately discussed the possibility

Treasury Secretary Steven Mnuchin said Saturday that President Donald Trump does not believe he has the power to fire the Fed chair, Jerome Powell.
Federal Reserve Chairman Janet Yellen testifies before a Joint Economic Committee hearing on Capitol Hill, December 3, 2015 in Washington, DC.

Trump reportedly thought Janet Yellen was not tall enough to lead the Federal Reserve

Trump reportedly asked aides whether they thought Janet Yellen was tall enough to be reappointed.

Janet Yellen calls Trump’s attacks on the Fed a ‘worrisome’ undermining of economic stability

The former Federal Reserve Chair Janet Yellen said President Donald Trump's approach to the Fed had "the potential to undermine confidence" in it.

Former Fed Chair Janet Yellen just joined the chorus of warnings about $1.6 trillion ‘leveraged loan’ market

Former Fed chair Janet Yellen said she is concerned about increasingly lax standards in the market for leveraged loans, the Financial Times reported. She echoes warnings from the Fed, the BOE, the Reserve Bank of Australia about the corner of the debt market that  has ballooned to $1.6 trillion.
Donald Trump

Trump continues reshaping the Fed and picks a new 2nd-in-command

President Donald Trump will select the economist Richard Clarida to be the Federal Reserve vice chairman taking over for Stanley Fischer, who's retiring.

Steve Bannon wanted ‘my girl’ Janet Yellen to stay on as Fed Chair

Former White House strategist Steve Bannon was a huge fan of former Fed Chair Janet Yellen, and wanted her to stay on for another term.