super wealthy people s money people have been pulling their money from credit suisse for the last few years they are not going to suddenly make that up in the next few months the real issue around all of this is, what s going to happen with the fed next week is the fed going to take a pause? because rates being where they are and now this credit crunch that we are in, lending is going to get tighter liquidity is going to get more difficult. we are in for a slightly rocky road. steve, the veteran fed watcher among all of us. i think you tweeted something about a hawkish pause. tell me what you mean. are you talking about pausing on rates and issuing a statement? right i gotta get people educated on the jargon hawks like to raise interest rates and doves who like to cut them the debate right now picking up on what steph meanie was saying, does the fed stop raising
ruhle, steve leaseman and jillian ted. senator warner this is technically a budget hearing they did want to know whether it s a bailout or not. but he was really going after yellen about why regulators didn t catch the silicon valley bank collapse earlier. let s watch that traditional prudential regulation should have caught this most of us have seen it s a wonderful life. the question i have is, who is playing the role of mr. potter i think there were bad actors in the vc community who literally started to spur this run by virtually crying fire in a crowded theater in terms of rushing all of these deposits out. sktephanie, where do we stan? is first republic at risk?
chairman and ranking on the committee. the banking committee, they were all on the line on this. stephanie, steve can i say, we should discuss this with stephanie s cool glasses. that makes banking policy more exciting she s smart as anything with or without those glasses you can get them on amazon. three for $20. she s also a bargain hunter moment of impact new video showing part of what happened when a russian jet dli collided with the american drone over the sea this is andrea mitchell reports. stay with us you are watching msnbc the adventurers and the doers. to everyone that works hard and plays hard.
steve leaseman joining me now. all this is putting the trouble signs encore inflation from yesterday, complicating the fed s decision making for next week right? yeah. it s tremendously complicated right now. we had fairly robust inflation numbers earlier this week. that was job number one or enemy number one at the fed. it was clear what they had to do in context if they are just looking at inflation now you have this fairly substantial downdraft in the stock market, decline in bond interest rates rising concern volatility and instability in the financial system all of those things, put them on one side and to the other side of inflation, all of those other things tell the fed they probably should not be hiking next week. my best guess is that what they will probably do is be more
there. there s a lot of thinking to do at this point about how much of a backstop the banking system is going to get on one hand and what their horizon is, their ability is to do lending that gets them profits on the other hand what we are thinking about is, should the banking system be just like a water or electricity utility? steve, your experience on this is so invaluable. thank you so much for helping us out. pleasure. the faa holding an emergency safety summit today following a rash of dangerous close calls, including midair incidents, system meltdowns and runway near misses that have unnerved the flying public. the heads of the faa, transportation department and the ntsb are in a meeting outside washington deciding if new regulations are needed to keep flyers safe and what those changes should be. these recent incidents must