![]() ![]() So I think, listen, something like SVB happens, which is very unanticipated, I think even by the executives at SVB, and this was not sort of widely known, and it was very sudden, of course, that's going to create angst and make everybody look at their business plans and make investors reassess. I would just amplify that if you look at the banking sector by the numbers, it's really in very good shape. The US banking system remains very strong and very resilient. He says, while there is financial stress right now in the system, it is nothing compared to the levels seen during the financial crisis or back in the pandemic. He says he thinks there's an 80% probability that stress in the banking system abates, and we're actually left with a strong economy that could actually force the Fed to push rates higher. Louis, says, even with the bank failures, the economy is performing well and that inflation remains too high. Louis Fed President James Bullard, speaking this morning in St. We're starting to hear from Fed officials after that blackout period and the Fed meeting. JENNIFER SCHONBERGER: Good morning, Rachelle. Joining us now with more, Yahoo Finance's Jennifer Schonberger. Louis Fed President Jim Bullard out today with comments on the Fed's next moves and why he still sees strength in US banking. ![]() Louis Fed President Bullard’s remarks on the Fed’s FOMC meeting on Wednesday. Yahoo Finance’s Jennifer Schonberger joins the Live show to discuss St. ![]()
0 Comments
Leave a Reply. |