Why the Fed Raised Interest Rates Amidst a Banking Crisis
Update: 2023-03-23
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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
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