MacroVoices #375 Mike Green: Banking Crisis, Debt Ceiling, De-dollarization and more
Macro Voices
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The Fed's Predictability of Inflation
The Fed raised rates too quickly to the point that it shocked the banking system, says Michael Bociurkiw. When you hike interest rates in this manner, there's very predictable effects, he says. This type of extreme move in interest rates understandably leads to deposit flight as people recognize better alternatives for keeping money with banks., writes Bociurcik.
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