Fed flags corporate leverage as financial system weathers COVID-19

Fed flags corporate leverage as financial system weathers COVID-19

The Federal Reserve says the financial system is stronger than it was in 2008, but warned that the COVID-19 pandemic raises “significant” risks particularly in corporate credit.  The central bank released its biannual Financial Stability Report on Friday warning that the novel coronavirus-induced financial shock to households and businesses will “likely create fragilities that last […]