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Analysis

With Two Bank Failures, Will the Fed Gear Back Rate Hikes?

It’s a tough call because there is evidence that experts on either side point to.

The failures of Silicon Valley Bank and Signature Bank seemed to be wake-up calls. The immediate question to many is what effect this might have on the Federal Reserve and decisions to change interest rates.

Just last week, in his semiannual testimony to Congress, Fed Chair Jerome Powell invoked the dual mandate of promoting maximum employment and stable prices — and no word of supporting asset prices.

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Erik Sherman

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