Amid banking uncertainty, Federal Reserve set to announce pivotal interest rate decision - The Boston Globe

Posted on AllSides March 22nd, 2023
From The Left

For some critics of the rate hike effort over the past year, the collapse of the banks adds to their fears that the Fed’s push could destabilize the broader economy. Fed monetary policymakers have had to weigh continuing their aggressive fight on still-high inflation against concerns about the stability of US banks, whose finances have been rocked by those fast-rising interest rates over the past year. WASHINGTON—Federal Reserve officials were set to announce their most pivotal interest rate decision in years Wednesday, after two bank failures have shaken the industry,...

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