Fed Could Put US Economy in 'Very Dire Situation' With Rate Hike Decision, Expert Warns
While some of America’s top banking CEOs discuss a new rescue plan, one market expert has warned of "very dire situation" dependent on fiscal policy.
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El-Erian Urges 25 Basis-Point Hike Saying Fed Shouldn’t Blink
El-Erian called on Fed to raise main interest rate 25 basis points at meeting and couple move with assurance of commitment to financial stability.
Summers Warns Fed Against ‘Financial Dominance,’ Urges Rate Hike
Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn’t be spooked into easing its campaign to contain inflation.
Ackman Concerned About ‘Contagion Risk’ Spiraling Out of Control
Spreading the risk of financial contagion to achieve “a false sense of confidence” in First Republic Bank is “bad policy”, Bill Ackman said in tweet.
Ray Dalio Commentary: What I Think About the Silicon Valley Bank Situation
From the Bridgewater Associates founder's LinkedIn blog. It is a very classic event in the very classic bubble-bursting part of short-term debt cycle.
Nobel Laureate Douglas Diamond on How the Fed Could Have Prevented SVB’s Collapse
Nobel Laureate and bank run expert Douglas Diamond argues Fed’s choice to signal long-term low interest rates is major reason for collapse at SVB.
The Collapse of U.S. Banks, Says the Economist Known as “Dr. Doom,” Could Lead to a Worldwide Recession.
An ECONOMIST known only as “Dr. Doom” has expressed concern that the spectacular failure of a US bank could set off a devastating economic downturn.
