Business
The Times podcast: Silicon Valley Bank’s collapse may affect your interest rate
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When inflation is excessive, the Federal Reserve has traditionally raised rates of interest. However the latest failures of banks like Silicon Valley Financial institution have sparked worries concerning the stability of our banking system. Now the Fed should weigh whether or not the banking system may face up to the turmoil that elevating rates of interest may carry. To get contained in the thoughts of Fed Chair Jerome H. Powell, we glance to a earlier period of excessive inflation, the late Seventies and early ’80s, and the selections of then Fed Chairs Arthur Burns and Paul Volcker.
At present, we discuss what’s subsequent. Learn the total transcript right here.
Host: Gustavo Arellano
Company: L.A. Occasions economics reporter Don Lee
Extra studying:
Did deregulation result in Silicon Valley Financial institution’s collapse?
Federal Reserve officers sound warnings about larger charges
U.S. inflation eases however stays excessive, placing Fed in robust spot