An Extended Breakdown of the Fed and Banks (Podcast)
Bloomberg Intelligence
00:00
The Fed's Failure to Resign Will Drive Us Panic
I think if we have another major bank failure, Jay Powell's going to have to resign. This system cannot tolerate that kind of coming to Jesus on the part of an agency like the Fed. They should have gotten fed funds up to three and a half or four and sold assets. That was the astute thing to do given their past policy moves. But instead, they're pretending it's 20 years ago. And they could just raise, you know, target rates as fast as they want to reclaim their credibility. Because that's what's really driving us.
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