CHICAGO — Federal Reserve Chairman Ben Bernanke Friday said the Fed is carefully monitoring asset classes to identify the possible formation of bubbles, but added it was "hubristic" to think asset deviations could always be spotted.

The Fed makes distinctions between financial triggers and vulnerabilities, Bernanke said, but its goal is to ensure the financial system is "sufficiently robust."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.