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CNN CNN News Central September 18, 2024

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CNN CNN Newsroom June 4, 2024 13:16:00

Things. we could see him talk about the need to balance these two risks, or we could see him really sort of played down the risks to the banking sector and talk about how focused they are on inflation. when i talked to economists about what s likely they are all over the map on that question, you know? i think this is a point of real uncertainty, which is going to make it a really interesting thing to watch when he gets his press conference at 2 30 the other questions he s going to be asked at one would imagine would be about whether the fed missed any signs when it comes to silicon valley bank. um what are you listening for? in that answer? yes so this is a very tough one for him to navigate because it s pretty clear that something went wrong here. you know, this bank was under federal oversight. it should have these problems where you know, growing in plain sight, and so theoretically, the fed should have been able to stop them. but it clearly did not. you know it killed the bank in ....

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Fed Prez favours raising rates another point, then pausing

It will be appropriate to continue to raise rates at least at the next few meetings until we are confident inflation has peaked, the Fed president said ....

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