Tuesday. Goolsbee, the newest Fed appointee, spoke before the Economic Club of Chicago and addressed the “new, big, hairy elephant in the room” that was the recent failure of two regional banks, Silicon Valley Bank and Signature Bank, and subsequent market turmoil. “At moments of financial stress like this, the right monetary policy is really caution and watchfulness and prudence,” he said.
Currently, he added, there’s not conflict between monetary policy and potentially tightening credit conditions. They would work in tandem to cool inflation, he said. Still, Goolsbee added, the Fed needs to be “on watch” for the possibility of tighter credit conditions. “If the response to these banking problems leads the financial industry to tighten on its own, that monetary policy has to do less,” he said. “It’s not clear yet, exactly how much less.
The Fed is the problem and the criminals.
State affiliated media dont talk FreeAssangeNOW since no permission from the state! Freedom of speech !
Very cautious
And if you could apply Bale 3 ‘ rules for all banks not just for the Big 7, the financial sector will be more strong ! (Liquidity indicator as lcr and nsfr, and IRRBB) ! Thank you from rest of the world !
WOW...WHAT DRUGS ARE YOU ON CNN?
elonmusk is having a groundbreaking interview with the BBC now .
This is completely false. This is just a psyop. With the development of the BRICS nations and more countries climbing on board and no longer using those dollars they will be sent back to the U.S and you don't have inflation you have massive hyper inflation and the dollar tanks
It's hard to take the Fed's word for it when they missed the boat on inflation. 'Transitory'
Central ANYTHING Is evil.
Hahaha🤡