'We have a fragile system, there is no doubt.' Jerome Powell in the horns of dilemma of the Federal Reserve's own making
Yet the move to rescue depositors has also been condemned. Ken Griffin, founder of hedge fund Citadel, told theon March 13:"The U.S. is supposed to be a capitalist economy, and that's breaking down before our eyes... there's been a loss of financial discipline with the government bailing out depositors in full."
Plunging bond prices have left the U.S. banking system's market value of assets $2 trillion lower than suggested by their book value. Banks in the U.S., Japan and Europe have collectively lost $459 billion in market value this month, as of Friday. However, fears another rise will increase the squeeze on long-dated Treasuries had been abated somewhat last week, thanks to the Bank Term Funding Program, which led some people to think rates would be going up.
"Everyone understands why they wouldn't go forward. People are nervous. Inflation is high but did come down a little last month. The other side of the issue, if you pause now the market will expect you to continue reducing rates… They should stay the course and get inflation down."although he warned the Fed against it"I just think to save... their credibility, they'll probably raise rates 25 basis points.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Elizabeth Warren: Jerome Powell has ‘failed’ as Federal Reserve chairSen. Warren on Federal Reserve Chair Jerome Powell: 'He has had two jobs. One is to deal with monetary policy. One is to deal with regulation. He has failed at both.'
続きを読む »
Elizabeth Warren blasts Jerome Powell for taking 'flamethrower' to bank regulationsSen. Elizabeth Warren (D-MA) ratcheted up her criticism of Federal Reserve Chair Jerome Powell, contending he “took a flamethrower” to bank regulations.
続きを読む »
What’s at stake for stocks, bonds as Federal Reserve weighs bank chaos against inflation fightMarkets may be in a vulnerable position ahead of the Federal Reserve’s meeting this week, as traders bet the banking crisis could lead to interest-rate cuts...
続きを読む »
Sen. Warren calls for probe of Federal Reserve System after SVB implosionWarren called for an independent investigation of the Fed and the “whole regulatory system,” and demanded the reversal of the weakened oversight system amid the collapse of two US banks…
続きを読む »
Gold Price Forecast: XAU/USD retreats towards $1,960 as yields rebound, Federal Reserve eyedGold price (XAU/USD) takes offers from the Year-To-Date (YTD) high while targeting the previous resistance surrounding $1,960, near $1,976 by the pres
続きを読む »
Economy Week Ahead: U.S. Interest Rates and Housing Market in FocusThe Federal Reserve deliberates on monetary policy as it confronts high inflation and financial instability.
続きを読む »