3,882
edits
Federal Reserve:Meetings/2023 May 3: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| Line 68: | Line 68: | ||
- Credit crunches dont happen often, so ability to predict the effect on the economy is difficult. | - Credit crunches dont happen often, so ability to predict the effect on the economy is difficult. | ||
=== Jim Bianco === | |||
Trouble with regional banks won't change Fed Chair Powell's mind<ref>https://www.youtube.com/watch?v=N2SPjtfFoR0</ref> | |||
- They will raise rates on may, and will leave the door open for another one in june | |||
- Jim sees this as a mistake, but their only focus seems to be inflation | |||
- Fed has made clear the debt ceiling is a political issue, and FED should not intervene or change monetary policity based on it | |||
== References == | == References == | ||