Foreign Policy Podcast - What Will Bend and What Will Break?

The failure of Silicon Valley Bank raises questions about the fight on inflation. The Federal Reserve's rise in interest rates is supposed to have an effect on inflation other than through negative events, like bank failures and that kind of thing. This reveals a kind of double standard, if you like; why are they getting this kind of special treatment when the entire aim of policy was for unemployment to bring inflation down? In a sense, this is that risk of a hard landing has gone up: it might be more anti-inflationary than the banking system.