Getty Images Federal Reserve Chairman Jerome Powell said Fed has ‘some tools’ to combat financial instabilityFederal Reserve Chairman Jerome Powell on Wednesday said some asset prices are elevated but said there weren’t many risks from it to the financial system. While some asset prices are elevated, particularly “some” equity prices and pockets of commercial real estate, financial vulnerabilities are still not at extreme levels, Powell said. He didn’t identify where specifically in the stock market DJIA, -0.18% he saw elevated prices. “The current view of the [FOMC] is that financial stability vulnerabilities are moderate,” Powell said during his first press conference, in answer to a question from MarketWatch. It was “key,” Powell said, that the housing sector is not in bubble territory.via