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> One would think, as you put on the parachute before jumping out of a plane, that the Fed would have checked that raising interest rates to combat inflation w
by singleshot_ 4y ago
> One would think, as you put on the parachute before jumping out of a plane, that the Fed would have checked that raising interest rates to combat inflation would not tank lots of banks.
Well, that’s not what I would have thought but it’s refreshing to run across an optimist now and again.
- kevviiinn 4y agoI don't think it's the Fed's responsibility to make sure a private business isn't doing dumb things outside of the regulatory purview
- kevinventullo 4y agoAnd even if it was, they have been extremely consistent about telegraphing rising interest rates for a while now.