Financial Stability Oversight Council Releases 2024 Annual Report

WASHINGTON – The Financial Stability Oversight Council (Council) today unanimously approved its 2024 annual report. The annual report reviews developments in financial markets, identifies vulnerabilities and emerging threats to U.S. financial stability, and makes recommendations to mitigate those vulnerabilities and threats. The report also details the activities of the Council and summarizes significant regulatory developments. The report was developed collaboratively by Council members and their agencies and staffs. Overall, the Council finds that the U.S. financial system remains resilient, though vulnerabilities warrant ongoing vigilance.“The prosperity of the U.S. economy and the American people depend on the stability of the U.S. financial system,” Secretary of the Treasury Janet L. Yellen said. “This year, the financial system has continued to support a strong economy, marked by declining inflation, solid economic growth, and a healthy labor market.