Fed Financial Stability Report: AI Risk Seen by 50% of Surveyed Participants

The Federal Reserve's Financial Stability Report released on May 8 flagged artificial intelligence as an increasingly cited potential shock to the U.S. financial system. In a spring 2026 survey, 50% of market participants pointed to AI as a possible risk, up from 30% in fall 2025, linking concerns to equity valuations, debt-funded capital spending, labor-market impacts, and private credit.