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Financial Sector Needs To Be Trusted For Economic Stability
Schwab Network
English - March 13, 2023 22:17 - 6 minutes - 79 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Major Indices Pointing To Short-Term Low
Next Episode: Liquidity Crisis, Not A Credit Crisis
"It is scary to see banks collapse and an uncertainty in the financial sector. On the positive side, regulators are acting fast versus the previous recession when major averages dropped 50%. Recent employment reports were putting more pressure on the Federal Reserve to be more aggressive. That came into question recently as they have a mandate to protect financial stability. We cannot have a functioning economy if the financial sector is not trusted," says Kayla Bruun.