Fire and Ice
The Fed is stuck between trying to cool inflation and support the financial system
Succinct Summary: The world has changed a lot in the last week. Markets are still trying to understand the impact of the run on Silicon Valley Bank. It’s not clear how wide the contagion will spread. For now, the consumer seems to continue to spend, so the Fed is stuck between trying to cool inflation and support the financial system. How will the Fed b…
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