Surveillance: Bank Supervision with Clarida
Bloomberg Surveillance
00:00
Is There a Hard Landing?
I don't think I'd use the term complacency. What the Fed did Sunday night was exactly the right move. It's essentially expanding the discount window authority to lend against good collateral, which has been in place since 1913. But yes, I'm broadly in that camp that when you raise rates and you invert the curve, you're going to make lending more expensive; intermediaries are going to bear some of that burden.
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