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May 9, 2023

Banks get a health checkup from the Fed

The Fed’s closely-watched Financial Stability Report was released yesterday, and monetary policymakers pointed to some areas of concern like commercial real estate loans. But there were also signs of resilience in the banking sector. Plus, Apple co-founder Steve Wozniak spoke with the BBC about the dangers of rapid artificial intelligence development. And, a recent survey conducted by the National Federation of Independent Business says that small business owners are increasingly gloomy about the short-term future of the economy.  

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Banks get a health checkup from the Fed
Patrick T. Fallon/AFP via Getty Images

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Banks get a health checkup from the Fed