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The Return Of Bank Runs | Sheila Bair, Former FDIC Chair
Forward Guidance
The Importance of Slowing Down
I think Lael Brainerd might have raised interest rates a little less aggressively. She was around during the great financial crisis, but I do think she understood those dynamics a little better. So perhaps getting to 5.25% interest rates from zero was mistaken,. at least getting there that fast. Do you think the Federal Reserve should cut rates in order to help them? No, and that's the thing. A pause is certainly not cutting.
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