Surveillance: Bank Regulation with Hoenig
Bloomberg Surveillance
00:00
The Fed's Banking Issue Is Going to Make the Fed Attract a Pause
The market is betting that this banking issue is going to make the Fed at least pause. Gerard Cassidy, you and I have lived this. You're in Swellsley, Massachusetts, and you need a jumbo on the new place up the coast of Maine in Bar Harbor. And then we have this major repricing that needs to happen back from whatever the terminal rate is at now, 4.6% back to 5.8%.
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