AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Michael Howell: Can The Fed Keep Raising Rates During A Banking Crisis? | Michael Howell
Forward Guidance
Is the Fed's Liquidity Problem or a Solventity Issue?
Is this primarily a liquidity issue in the banking system, or do you think it's a solvency issue? Depending on what your answer is, does that impact your view of what the Fed ultimately will do? I think the first thing is, yes, it is a liquidity problem. That's why I've said it's the banks that are really getting hit here, not really the borrowers. And that's telling you it's about funding and liquidity, and there's a problem. There could well be ultimately a solvence problem, because at the end of the day, if you look at the bank term funding program... The Federal Reserve is embedding now and operating loss in these
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode