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Fed Says Coronavirus Remains a Top U.S. Financial Risk

Fed Says Coronavirus Remains a Top U.S. Financial Risk

WASHINGTON—The coronavirus pandemic remains a top risk to the U.S. financial system, the Federal Reserve said in a report released Monday, warning tha

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WASHINGTON—The coronavirus pandemic remains a top risk to the U.S. financial system, the Federal Reserve said in a report released Monday, warning that uncertainty over the course of the virus and its economic and financial consequences remains unusually high.

If the pandemic persists for longer than anticipated—especially if there are extended delays in the production or distribution of a successful vaccine—that could derail the nascent recovery and strain financial markets and institutions, the Fed said in its latest financial…

This post first appeared on wsj.com

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