March 23, 2023

Why the Fed Raised Interest Rates Amidst a Banking Crisis

by The Journal

Over the past year the Federal Reserve has been steadily raising interest rates to try to bring down inflation. But the recent banking crisis has thrown a wrench into its plans. WSJ’s Nick Timiraos explains how the Fed is now trying to fight two problems at once.

Further Reading:

- Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress 

Further Listening:

- What Just Happened at Credit Suisse? 

- Can the Government Contain a Banking Crisis? 

- The Economy Is Too Hot for the Fed 

Where to Listen