Fed's Yellen says no risks to stability 'flashing red' as markets boom

WASHINGTON: Amid booming stock markets that have hit repeated records, Federal Reserve Chair Janet Yellen said Wednesday she does not see any risks to financial stability "flashing red" for regulators.

She said the high stock prices are not a risk factor that the central bank is currently focused on.

Speaking at a press conference after the Fed raised the benchmark interest rate for the third time this year, Yellen said looking at "other indicators of financial stability risks, there is nothing flashing red there or possibly even orange."