Fed Says Banks Can Handle 'Severe' Recession With 10 Percent Unemployment, 55 Percent Stock Meltdown
America's banks are resilient enough to withstand even a "severe" recession with unemployment soaring to 10 percent, the real estate market melting 40 percent, and stocks sinking 55 percent, the Federal Reserve said.
United States Jerome Powell Roy Peter Clark Tom Ozimek House Financial Services Committee Senate Banking Committee
Source: theepochtimes.com