One major consequence of the Silicon Valley Bank (SVB) and Signature Bank failures is that the fight against historic inflation will shift primarily to Congress from the Federal Reserve. The recent banking turmoil has curtailed the Fed’s ability to meaningfully hike interest rates to tame high inflation. Additional rate increases would further devalue the Treasury bonds on banks’ balance sheets, risking more SVB-style bank runs. Bond yields have recently fallen to reflect this new reality. Yet historic inflation due to the trillions of dollars the Biden administration and congressional Democrats injected into the economy over the past two years remains a serious problem. Last week,
Hence then, the article about inflation fight moves to congress as bank failures limit federal reserve was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Inflation fight moves to Congress as bank failures limit Federal Reserve )