6min chapter

Macro Musings with David Beckworth cover image

Colby Smith, Steven Kelly, and Gerard DiPippo on the Highlights of 2023 and Looking Ahead to the Future

Macro Musings with David Beckworth

CHAPTER

Underreported Aspects of the Banking Crisis and the Response of the Fed and Treasury

The chapter delves into the underreported aspects of the banking crisis in March, including the FDIC's guarantee of all deposits in the bridge bank and the creation of a new Fed facility. It also discusses the response of the Fed and Treasury to the crisis, highlighting a rescue package and the protection of the treasury market.

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