The Fed is playing with fire: SVB proves it  ...Middle East

The Hill - News
The Fed is playing with fire: SVB proves it 
Federal Reserve Chairman Jerome Powell and the Fed board he dominates would like to raise interest rates further, but the failure of the Silicon Valley Bank (SVC) gives them pause. They know that higher rates would add to the damage they have done already with seven rapid fire rate increases in 2022.   Why is the Fed so intent on hiking rates when report after report shows that inflation is coming down? The answer is that the Fed’s monetarists believe that slowing the economy is the way to fight even this COVID-related inflation, and that the Fed’s original role as supervisor of the private financial system is essentially unneeded — until as the SVB case shows, the Fed’s laissez faire

Hence then, the article about the fed is playing with fire svb proves it was published today ( ) and is available on The 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 ( The Fed is playing with fire: SVB proves it  )

Apple Storegoogle play

Last updated :

Also on site :