Geopolitical Risk Tops Federal Reserve Spring 2026 Survey, AI Rises to Third

According to a Federal Reserve survey conducted in spring 2026, respondents ranked geopolitical risk as the top concern, up one position from the fall 2025 survey. Artificial intelligence moved to third place from fifth, while private credit climbed to fourth from ninth.

Inflation and monetary tightening fell to fifth place from third, reflecting a shift in perceived economic risks among survey participants.

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