. they were quick to come out on friday and say, look, there s nothing to see here. everything s fine. the chancellor of germany he said. there s quote no reason to be concerned about deutsche bank and u. s officials. they ve also been keeping very close tabs on all of this banking turmoil, treasury secretary janet yellen held a closed door meeting with america s top financial regulators on friday, and you ve got to believe that deutsche bank came up. all of this comes after the fed pushed ahead with his warn inflation, despite calls from some experts to pause and avoid adding to the stress in the banking system. on friday . i asked richmond fed president tom barking about why the fed raised rates in the face of all this turmoil, and he basically said the focus right now is squarely on fighting inflation. listen, inflation is high demand hadn t seemed to come down. and so the case for raising was pretty clear. the one thing that
spike in the cost to ensure the bank s debt against the fault. of course, that is never a good sign. i would note, though, that much like credit suisse deutsche bank s been in turmoil for literally years, but the bank failures in the united states earlier this month they really cause investors to take a tougher look at banks everywhere. officials in europe . they were quick to come out on friday and say, look, there s nothing to see here. everything s fine. the chancellor of germany he said. there s quote no reason to be concerned about deutsche bank and u. s officials. they ve also been keeping very close tabs on all of this banking turmoil, treasury secretary janet yellen held a closed door meeting with america s top financial regulators on friday, and you ve got to believe that deutsche bank came up. all of this comes after the fed pushed ahead with his warn inflation, despite calls from some experts to pause and avoid adding to the stress in the banking system. on friday . i asked
. they quick to come out on friday and say, look, there s nothing to see here. everything s fine. the chancellor of germany he said. there s quote no reason to be concerned about deutsche bank and us officials. the also been keeping very close tabs o all of this banking turmoil, treasury secretary janet yellen held a closed door meeting with america s top financial regulators on friday, and you ve got to believe that deutsche bank came up. all of this comes after the fed pushed ahead with his warrant inflation despite calls from some experts to pause and avoid adding to the stress in the banking system. on friday . i asked richmond fed president tom barking about why the fed raised rates in the face of all this turmoil. and he basically ow is squarely on fighting inflation. listen,nflation is high demand hadn t seemed to come down. and so the case for raising was pretty clear and the one thing that i hear loud and clear from
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unanimously decided to raise interest rates, moody s chief economist mark zandi, he said he s quote disappointed in the fed and kind of warned that it could backfire so i asked the richmond fed president tom barking about why they ended up going ahead and raising interest rates. and he said quote the case for raising was pretty clear. the labor market is tight, historically tight inflation unfortunately, has stayed too high. and, you know, i asked, barking about this criticism from politicians, including senator elizabeth warren, who are saying, you know, the fed is basically trying to get people laid off from their job. and he said that you know when he goes out and talks to people in his district that the one thing he hears again and again is that people quote, hate inflation. and he said, you know, people want us to get inflation back under control. and um he said that we re the guys who were charged with doing that. so clearly, the fed is still thinking that