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Fed: Supply Chain Risk and Bank Lending Amid Trade Policy Uncertainty
January 31, 2026
WASHINGTON, Jan. 31 -- The Federal Reserve issued the following Fed Notes article:

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Supply Chain Risk and Bank Lending Amid Trade Policy Uncertainty

Luke Morgan, Carlos A. Ramirez, Andre F. Silva, and Andrei Zlate/1

During times of increased trade policy uncertainty and geopolitical tensions, supply chain disruptions can be an important source of instability. Due to the interconnected nature of modern economies, problems in one market can . . .

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