Fed’s battle plan for inflation shredded by financial turmoil

A week ago, Powell surprised markets by saying the Fed may need to raise interest rates at a faster pace than the quarter-point hike it delivered in February to curb stubbornly persistent inflation. Days later, SVB and Signature Bank failed, and the Treasury and Fed launched a vast emergency lending facility saying more banks faced the risk of runs.

from Stocks-Markets-Economic Times https://ift.tt/goFbM59