During a press conference Wednesday, Fed leaders agreed to raise interest rates again. This has been happening for months now, so that’s not news. But what is news is that they implied they may soon stop raising rates. Why? Because high interest rates are destabilizing the financial system and ushering in a potential recession. On March 8, for example, the 16th largest bank in the United States began its swift collapse, the largest such rift since the financial crisis of 15 years ago. Many economists are worried this is the beginning of more trouble to come, though some hesitate to
Share this post
Silicon Valley Bank: Is it our crisis or…
Share this post
During a press conference Wednesday, Fed leaders agreed to raise interest rates again. This has been happening for months now, so that’s not news. But what is news is that they implied they may soon stop raising rates. Why? Because high interest rates are destabilizing the financial system and ushering in a potential recession. On March 8, for example, the 16th largest bank in the United States began its swift collapse, the largest such rift since the financial crisis of 15 years ago. Many economists are worried this is the beginning of more trouble to come, though some hesitate to