7 Takeaways From the Fed Meeting and Powell’s News Conference
By raising interest rates a quarter-point, the Federal Reserve signaled that it was continuing to fight inflation, but it was holding off an aggressive move that might spook investors.
Posted inBanking and Financial Institutions Biden, Joseph R Jr Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H Recession and Depression Treasury Department United States Economy United States Politics and Government
Fed Meeting Holds High Stakes for Biden
The president is counting on the central bank to strike the right balance on jobs and inflation — and to prevent a spiraling financial crisis.
Posted inBanking and Financial Institutions BNP Paribas Charles Schwab Corporation Commerzbank Credit Suisse Group AG Dimon, James El-Erian, Mohamed A Federal Deposit Insurance Corp Federal Reserve System Goldman Sachs Group Inc internal-storyline-no JPMorgan Chase & Company Kelleher, Colm Mack, John J Macron, Emmanuel (1977- ) Mitsubishi UFJ Financial Group Inc Morgan Stanley Musk, Elon Narasimhan, Laxman Nomura Holdings Inc Powell, Jerome H Schultz, Howard D Silicon Valley Bank Starbucks Corporation Summers, Lawrence H UBS AG
Will the Fed Raise Interest Rates During a Banking Crisis?
The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
Posted inBanking and Financial Institutions Becker, Gregory W Brainard, Lael Federal Reserve Bank of San Francisco Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Quarles, Randal K Regulation and Deregulation of Industry Sanders, Bernard Silicon Valley Bank United States Politics and Government Warren, Elizabeth
Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.