Fed warns U.S. financial system remains vulnerable to threats
AP TribLIVE's Daily and Weekly email newsletters deliver the news you want and information you need, right to your inbox. WASHINGTON — The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the global pandemic, including the possibility of a sharp rise in global interest rates that could strain developing countries. A worsening of the pandemic could stress the financial systems in emerging markets and some European countries, the Fed said in a report Thursday. The risk of instability in those markets could interact with existing vulnera...