Trouble with U.S. Fed policy of rate hikes despite bank runs
CGTN, 25 Mar 2023
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The U.S. Federal Reserve raised a key rate on Wednesday, the ninth in 12 months, to rein in inflation. The Fed announced the decision, despite fears of contagion over the collapse of Silicon Valley Bank and Signature Bank a couple of weeks ago. SVB is the largest U.S. bank failure since the 2008 financial crisis. How prudent is the Fed’s policy of tightening credit despite bank runs, in managing inflation? What does it mean for global financial markets and other major economies such as China?
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https://www.cgtn.com/video
The U.S. Federal Reserve raised a key rate on Wednesday, the ninth in 12 months, to rein in inflation. The Fed announced the decision, despite fears of contagion over the collapse of Silicon Valley Bank and Signature Bank a couple of weeks ago. SVB is the largest U.S. bank failure since the 2008 financial crisis. How prudent is the Fed’s policy of tightening credit despite bank runs, in managing inflation? What does it mean for global financial markets and other major economies such as China?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
