Why the Fed Raised Interest Rates Amidst a Banking Crisis
Over the past year the Federal Reserve has been steadily raising interest rates to try to bring down inflation. But the recent banking crisis has thrown a wrench into its plans. WSJ’s Nick Timiraos explains how the Fed is now trying to fight two problems at once. Further Reading: - Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress Further Listening: - What Just Happened at Credit Suisse? - Can the Government Contain a Banking Crisis? - The Economy Is Too Hot for the Fed Learn more about your ad choices. Visit megaphone.fm/adchoices