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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 and the one thing that i hear loud and clear from everybody is that they hate inflation. they find inflation to be unfair. you get a raise, and then you have to go spend that raise at the gas station. they creates uncertainty. it s frankly exhausting. of course, there are costs to getting inflation under control. potentially job loss. also turmoil in the banking system like we re seeing now. and barking. he conceded that there is a risk that the stress in the making system hurts the real economy by making it more expensive and harder for all of us to borrow. and he can see it that that could cause the fed to stop raising interest rates soon . but at this point no one not ....
. 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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