The Fed never said they wouldn't raise rates for 10 years, which is the duration that SVB bought mortgage-backed securities for. The Fed didn't bow to political

The Fed never said they wouldn't raise rates for 10 years, which is the duration that SVB bought mortgage-backed securities for. The Fed didn't bow to political pressure, they are following the plan which is their dual-mandate for 2% inflation and maximum employment. They had rates at 0 while employment numbers were bad, now that employment #'s are good and inflation is bad, it was time to raise rates. It's a balancing act.