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Fire and Ice

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Fire and Ice

The Fed is stuck between trying to cool inflation and support the financial system

The Transcript
Mar 20, 2023
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Share this post

Fire and Ice

thetranscript.substack.com

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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