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Fed: Public Health Failures Will Threaten The U.S. Economy

Mount Equity Group Tokyo Japan > News > Markets > Fed: Public Health Failures Will Threaten The U.S. Economy

The Federal Reserve warns that public health worsening is a threat to the U.S. economy. In other news, emails reveal what J&J did to limit information about talc and cancer and the role Nancy Pelosi played in preventing the drug pricing legislation from moving forward.

The Wall Street Journal:
Fed Says U.S. Public Health Among Biggest Near-Term Risks To Financial System

The potential for U.S. public health to worsen as the Covid-19 pandemic continues is one of the greatest near-term risks to the financial system, the Federal Reserve said, while noting that asset prices are susceptible to large declines should investor sentiment shift. Any deterioration in the public-health situation could slow the recent economic recovery, particularly if widespread business closures returned and supply chains were further disrupted, the Fed said. The number of new Covid-19 cases has…

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