A new wave of coronavirus has led to an increase in bankruptcies, which could lead to a new major financial crisis.
James Bullard, head of the Federal Reserve Bank of St. Louis, told about it in an interview with The Financial Times.
“Without more detailed risk management by health policy, we could have a wave of significant bankruptcies and this could lead to a financial crisis”, – he said.
Although Washington has already allocated billions of dollars to government support programs, new ones may be needed in the near future, he said. Bullard stressed that he does not rule out a scenario where the situation in the country “turns to the worst.
As News Front reported earlier, a record 47 thousand cases of coronavirus infection were detected in the USA on Tuesday. However, already on Wednesday the record was broken again. Thus, the day before in the United States registered another 52.6 thousand infected. At the same time, the expert community believes that this figure can rise to 100 thousand.