Is the Federal Reserve Going to Increase Rates?

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

First Republic Bank is down 75% over the past three days this morning alone. Ben Bergman of Insider: This bank implosion may reverse Jerome Powell's direction. In fact, it's even conceivable that interest rates start dropping at the fear that we're going to be in deep trouble.

SVB’s collapse is the biggest bank failure since 2008. Insider’s Ben Bergman explains why the bank collapsed, why the Biden administration intervened, and what this means for the economy writ large.

This episode was produced by Avishay Artsy and Victoria Chamberlin, edited by Matt Collette and Amina Al-Sadi, fact-checked by Laura Bullard and Amanda Lewellyn, engineered by Paul Robert Mounsey and Patrick Boyd, and hosted by Noel King.

Transcript at vox.com/todayexplained

Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts

Learn more about your ad choices. Visit podcastchoices.com/adchoices