87 percent call AI top risk in Fed survey

The US Federal Reserve said on the 13th of November 2026 that AI is now the most cited risk to the financial system. In its survey, 87 percent of market contacts named it, CNBC reported.

The Fed is the US central bank. It asks banks, investors and economists about risks twice a year.

A big jump since spring

In the spring 2026 survey, 50 percent named AI as a risk, CNBC reported. The new survey covers views up to the 28th of October.

The next most cited risk was a sharp fall in the prices of shares and other assets. It was named by 52 percent.

Three worries

Respondents named three areas, the Fed report said. The first is high share prices that could fall if AI profits disappoint.

The second is cyber attacks, from state hackers or from powerful AI models themselves. The third is complex loans used to pay for AI.

Data center debt

The report also pointed to fast borrowing to build data centers. These are large buildings full of computers that run AI.

Other risks on the list

Higher long term interest rates were named by 48 percent. Cyber attacks and US government debt were each named by 43 percent.

Below we break down the jump

AI went from 50 percent to 87 percent, a rise of 37 points, by our arithmetic. That is about 1.7 times the spring share.

What is confirmed and what is not

The Fed found the financial system fairly stable, CNBC reported. The survey shows worries and does not predict a crash.

Key facts

The Fed released its Financial Stability Report on the 13th of November 2026.

87 percent of those surveyed named AI as a key risk.

That is up from 50 percent in the spring.

A fall in asset prices came second at 52 percent.