FED SAYS COLLAPSE IN DEMAND MAY ULTIMATELY BANKRUPT MANY BUSINESSES

The Fed’s Economic Forecasts Are All Over the Map, a Sign of How Uncertain These Times Are

The Federal Reserve’s economic outlook isn’t so much pessimistic as it is uncertain.

Fed Warns of Significant Financial Sector Vulnerabilities

…financial system vulnerabilities — most notably those associated with liquidity and maturity transformation in the nonbank financial sector — have amplified some of the economic effects of the pandemic,” the Fed said. “Accordingly, financial-sector vulnerabilities are expected to be significant in the near term.”