Fed says pandemic has created U.S. financial sector fragility that will last for some time
Business

Coronavirus pandemic has created fragility in the U.S. financial sector

“The strains on households and business balance sheets from the economic and financial shocks since March will likely create fragilities that last for some time,” the Federal Reserve said in its latest semi-annual report on the financial sector. “Forceful early interventions have been effective in resolving liquidity stresses but we will be monitoring closely for solvency stresses among highly leveraged business borrowers" the central bank added

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Sat May 16 - Marketwatch

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