While Washington is riveted by the chaotic scene in Afghanistan, Wall Street and Main Street are wondering if the spread of the coronavirus delta variant is going to injure the U.S. economy.
Surveys of consumers show that Americans are quite worried about delta.
One new poll found that anxiety about the coronavirus is the highest since a record outbreak last winter. And a recent reading of consumer sentiment in early August sank to the lowest level in 10 years, even dropping below early pandemic levels.
Senior officials at the Federal Reserve are worried, too.
A pair of Federal Reserve bank presidents said the delta variant could sway their decision on when the central bank should start withdrawing support for the economy. The Fed engaged in a series of unprecedented measures last year to make sure the economy didn’t collapse.