Wells Fargo lays out a plausible scenario where the Fed becomes insolvent — and breaks down the catastrophic effect that would have on the bank's ability to handle future crises

· The Federal Reserve could become technically insolvent due to the risks embedded in some assets it has added to its balance sheet since the coronavirus crisis started, says Jay Bryson, the chief economist at Wells Fargo.
· While the consequences will be more political than economic, they could be perilous for investors if...