Fed Chair warns cyberattacks pose biggest threat to US economy ...News

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Fed Chair warns cyberattacks pose biggest threat to US economy
Federal Reserve Chairman Jerome Powell has warned that the biggest risk to the US economy is the threat of cyberattacks, which could bring financial institutions to a halt by taking away their ability to track payments. Speaking to the CBS News show ‘60 Minutes’, Powell outlined his concerns “as the world evolves,” and discussed how the US can protect its economy from emerging threats, as well as how the US economy can rebound from the impact of the Covid-19 pandemic. Issuing a warning, the head of America’s central banking system said, the risk that the Federal Reserve is keeping its “eyes on the most now is [the] cyber risk,” laying

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