Fed warns US financial system remains vulnerable to threats | www.WDIO.com

Fed warns US financial system remains vulnerable to threats

Fed warns US financial system remains vulnerable to threats Photo: United States Federal Reserve

MARTIN CRUTSINGER
Created: May 06, 2021 04:14 PM

WASHINGTON (AP) - The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the global pandemic.

Those include a possible sharp rise in global interest rates that could strain developing countries.

The Fed said in a report Thursday that a worsening of the global pandemic could stress the financial system in emerging markets and some European countries.

The Fed said that risk of instability in those markets could interact with existing vulnerabilities at U.S financial institutions and pose additional risks to the U.S. financial system.

Credits

MARTIN CRUTSINGER

Copyright 2021 The Associated Press. All rights reserved.

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