The Fed Did Not Stay On Top Of The Banking Situation

Schwab Network

English - March 17, 2023 20:25 - 8 minutes - 80.7 MB - ★★★★★ - 23 ratings
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"The Federal Reserve could have taken a look months ago at the Silicon Valley Bank issue as financials are highly regulated. I am concerned that this could be the case for other banks as well. Disruption equals demand destruction with crude oil. The crude oil price dropped as traders feared the financial crisis. The global risk markets have sold off on he news as well," says David Williams.