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

You May Also Like

U.S. ship fires 30 warning shots as Iranian speedboats get close

WASHINGTON — A U.S Coast Guard cutter fired about 30 warning shots…

Meghan accuses royal family of ‘perpetuating falsehoods’ in explosive Oprah interview

Meghan, the Duchess of Sussex, was brought to tears before her wedding…

DNA leads to teen’s identity in 1980 Nevada cold case

The body of a teenager found dead outside Las Vegas has gone…

Days before her death, a Wisconsin woman sent an ominous letter: ‘He would be my first suspect’

Julie Jensen was found dead in her Wisconsin bedroom nearly 25 years…