For Fed’s disaster junkie, pandemic was one of 99 bad scenarios
Meet the man whose work is to anticipate the unexpected in financial markets — and beyond. In the wake of the 2008 financial crisis, the US Federal Reserve had assembled a team led by Andreas Lehnert called the Division of Financial Stability, or FS. They spent much of the last decade looking at fragilities in the financial system that could lead to a full-scale breakdown in moments of stress. But how has their response been now there is one? Craig Torres investigates for Bloomberg Businessweek.
From Bloomberg Businessweek