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FILE PHOTO: Kansas City Federal Reserve Bank President Esther George addresses the National Association for Business Economics in Denver, Colorado, U.S. October 6, 2019. REUTERS/Ann Saphir. WASHINGTON (Reuters) - The current recession’s impact on households and businesses could still risk the sort of damage to the banking system that the United States has avoided so far, Kansas City Federal Reserve president Esther George said on Friday. Throughout the pandemic Fed officials have taken solace in the fact that it has not yet led to a wave of mortgage, business or other defaults that could cripple banks, cause them to stop lending, and deepen the recession. But “the economic ... Full story

25 September