Failure to slow the spread of COVID-19 could spark a full-blown financial crisis, Fed president says

· *A second wave of coronavirus infections could drive a slew of bankruptcies and kick off a dire financial crisis, James Bullard, president of the Federal Reserve Bank of St. Louis, told the Financial Times.*
· *The US is "still in the middle of the crisis here," he said, adding "the disease is still quite capable of...