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Market Sell-off: Credit Suisse Woes Reignite Banking Worries 3/15/23

Squawk on the Street

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Do You Care About PPI Negative Month on Month?

I think Jay Powell is not sitting there saying, you know what? I don't care that the banking system seems a lot of regional banks are teetering. What has happened over the last three days has done Powell's job for him. Credit conditions will collapse. Economy will slow even in a good scenario. And if it cuts loan growth, the economy is going to slow. We'll get inflation rolling off as a result.

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