2min chapter

Bankless cover image

Will the Fed Thread the Needle? with Itay Vinik

Bankless

CHAPTER

The Fed Needs to Thread the Ness

Itai: I think their job has become incrementally more difficult. Not crazily, just a little bit. The rationale is that inflation and employment are the two main mandates for the Fed. So you can make the argument that the Fed has reacted aggressively to this banking crisis because they are looking to still fight inflation. That doesn't mean it can't develop into systemic risk later.

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