Banking Turmoil: First Republic's $30B Rescue, SVB Bankruptcy, White House Reaction 3/17/23
Squawk on the Street
00:00
Is the Fed Going to Raise Rates?
The economy has never been more uncertain, and yet we're still saying that the Fed's gonna raise rates? Yes, because we still have an inflation problem. What did we learn from Christine Lagarde of the ECB yesterday? You can raise interest rates to fight inflation, and you can try to safeguard the banking system. We'll see if it works, but that's what she's trying to do. All the people... Did she give cover to the Fed? Was that helpful? I thought it was already there.
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