Fed’s Rosengren Worries About Risks to Lending From Prolonged Virus Threat

Wall Street Journal, Sept. 30, 2020–Nick Timiraos (subscription)
Boston Fed President Eric Rosengren said his outlook for the U.S. economy is more pessimistic than some of his colleagues. He cited the potential for losses on business debt and commercial real estate to accelerate tighter lending standards from small and medium-size banks.