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Pod 20: March FOMC, Banking Collapses, Jerome Powell, 25 bps, and the Fed Navigating Sticky Inflation

Unusual Whales

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Is This a Regional Crisis?

I see this as much more micro than macro. Of course, what the Fed did did not help. I think that this is not a really a major regional crisis major. So it's a crisis in some parts of the bank sector, but not a systemic problem. And so that is. Okay, Joseph, Michael, I see your hand up there and then I've got a question to kick over to Bob. Yeah, I wanted to riff on what Joseph said about the fundamental problem, which at the center of all financial crises, which is asset liability mismatch.

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