Hearken to this episode of The Occasions: Apple Podcasts Spotify Stitcher Google Podcasts Amazon Music 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 might stand up to the turmoil that elevating rates of interest might convey. To get contained in the thoughts of Fed Chair Jerome H. Powell, we glance to a earlier period of excessive inflation, the late Nineteen Seventies and early ’80s, and the selections of then Fed Chairs Arthur Burns and Paul Volcker.In the present day, we speak about what’s subsequent. Learn the complete transcript right here.AdvertisementHost: Gustavo ArellanoGuests: L.A. Occasions economics reporter Don LeeMore studying: Did deregulation result in Silicon Valley Financial institution’s collapse?Federal Reserve officers sound warnings about greater ratesU.S. inflation eases however stays excessive, placing Fed in powerful spot
The Times podcast: Silicon Valley Bank’s collapse may affect your interest rate
