In doing so, they may also be inadvertently setting the stage for the next market crisis and Fed intervention, in turn, undercutting the bank's policy tightening to fight inflation.
Over the past year rapidly rising interest rates after more than decade of ultra-cheap money have exposed risky bets and bad business models. Earlier this month, Chairman Jay Powell said the Fed's monetary policy and financial stability tools were "working well together," allowing it to support banks and pursue price stability., multiple other risks to financial stability also remain.
"The market is confused as to whether the Fed is tightening or easing,” said James Tabacchi, chief executive of broker-dealer South Street Securities. "We try to follow what they're going to do. And right now, the market doesn't know which Fed to follow."recent financial stability report
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Источник: Cointelegraph - 🏆 562. / 51 Прочитайте больше »