Surveillance: Bank Supervision with Clarida
Bloomberg Surveillance
00:00
Is the Fed on Pause?
I think this is all really a function of a massive shift in the cost of capital that we've been seeing over the last year, year and a half. You're getting close to 5% on US dollar cash with zero volatility and risk; that's high hurdle for asset markets to pass. But if the underlying situation is robust and the capital buffers are in place, it won't prevent these problems, but may restrict the contagion and the systemic fallout from them. Peter, we appreciate your time this morning. Thank you.
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