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Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?
Plain English with Derek Thompson
The Fed Was Too Slow to Start Raising Interest Rates
Coming out of the pandemic, you had this dual supply and demand shock where we've all been at home for three years. The Fed was clearly too slow to start raising rates. It required them to raise interest rates faster than they might otherwise have. So I don't think there was no choice. You cannot have runaway inflation. That means turning off the spigot, taking away the punch bowl.
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