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The Federal Reserve raised interest rates by a quarter percent on Wednesday. But the aftermath was not as expected, in part because of dueling press conferences with Fed Chief Jay Powell and Treasury Secretary Janet Yellen. The bottom line is what are you going to wish for? A banking crisis tightens lending; therefore, the Fed can stop raising interest rates. Or the banking crisis goes away quickly, and the Fed still has a little more interest rate increases to go.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode