Fed warns of credit crunch risk after US bank turmoil
Fed warns of credit crunch risk after US bank turmoil
9/5/2023 6:29

The Federal Reserve has warned that the recent banking turmoil could fuel a broad credit crunch that risks slowing the US economy, while lenders told the central bank they plan to tighten lending standards due to worries about loan losses and deposit flight.

Source: Financial Times

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