The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
Tag: Powell, Jerome H
-
Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
-
Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue
Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.
-
How Washington Decided to Rescue Silicon Valley Bank
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.