last 10 days suggest that fed already has broken something. matt it s good to see you. we ll see what comes in the next few hours joining me now for more on this as we wait for the fed s decision is diane swank, she s the chief economist for the global financial services firm kpmg. it s good to see you again, diane, what do you think the fed is going to do today? well, i m actually on the side of a pause, even though that s a minority view at this point in time because of the tightening. we see that consumers, households and companies are facing across the board. we re seeing not only tighter credit conditions, but likely to see even tighter credit conditions for small and midsize companies . i think that s very important because they re the backbone of employment gains in the u. s. economy nearly four and five new job openings are from companies with less than 250 employees and as credit in that part of the economy. to me dries up. you re going to see a much more rapid contraction in
WALLDORF - SAP SE today announced GROW with SAP, a new offering to help midsize customers adopt cloud ERP that enables speed, predictability and continuous innovation. GROW with SAP customers get. | March 21, 2023
chairman of the federal reserve. the senator blames the chairman. to the question, it didn t work. why? do you know the answer? i think john, we ve been reporting what happened with the regulators in particular and there were changes that went down in 2018 that led to less regulation around small and midsize banks that could have led to this. and the question of fdic insurance, where do we go from here so i think we re only at the beginning of policy changes here. and one other policy decision comes midweek which is the fed s interest rate decision. if you look at the flight, you expect them to raise rates again. if you look for them to calm things down, they might say we ll take a time-out. do we know the there? we don t, in terms of regulate will powell, what he does from here. our reporting shows that the market is basically pricing in likely a pause in temples of interest rates, but a quarter
A coalition of midsize U.S. banks,
Mid-Size Bank Coalition of America , has asked regulators
to extend FDIC insurance to all deposits for the next two years,
Bloomberg News reported on Saturday citing. | March 19, 2023
financial crisis days, which has a lot of people asking is this a lehman brothers situation? to them, you say what? we don t know. i hope not. i talked to my small community bankers in wisconsin. if you did not back of the deposits, there could have been around on small and midsize banks all over the country and all the depositors would have gone to the too big to fail banks and made them really too big, whether it was chase or bank of america. you don t want that to happen in america. you want to make sure you have a healthy, small community bank. that is not true, sean. these are sophisticated companies. what you are not seeing the impact on small community banks. but joe biden blames the congress right now. you spend almost $7 trillion, print, borrow, and spend, drive interest rates to zero, then they are forced to come in and buy treasuries with no yields.