The Fed Checks for Accuracy of Information

I think everyone learned in the Silicon Valley Bank episode that there is simply a new modern bank run. It's chief financial officers with unguaranteed deposits who are on their cell phones, moving literally billions of dollars around to find a safe haven. And it can happen extremely rapidly. You can be 80% right and still make a decision that can forestall the problem. I think everyone is upgrading their real time information gathering for accuracy and for speed, speed in some respects maybe as important as 100% accuracy.