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The Best One Yet
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The Fed Is Fighting Two Monsters at the Same Time
The Fed is now fighting two monsters at the same time. Raising interest rates can and does slow inflation. Yet, these high interest rates were the spark that ignited Silicon Valley banks blow up last week. High interest rates are generally tough on banks because they need to lend and borrow more than ever right now. Our central bank is more worried about piggy banks than actual banks.
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