Financial-stability risks are increasing in Europe, and the uneven impact of the COVID-19 pandemic means that they have become concentrated in specific industries and countries, the ECB said on Wednesday.
Two Federal Reserve officials said Wednesday they are not ignoring the risks of higher inflation as critics like former Treasury Secretary Larry Summers has charged.
The uneven state of the pandemic across the world was on full display Wednesday, with India setting a global record for one-day fatalities, while the U.S. reported continued declines in cases and deaths and the European Union said it would open its b...