The Fed probably believes that any banking sector issues related to interest rate risk are adequately addressed by the Bank Term Funding Program which allows ba

The Fed probably believes that any banking sector issues related to interest rate risk are adequately addressed by the Bank Term Funding Program which allows banks to gradually get past their low interest rate problems and that any banks with assets that can’t take advantage of this program are mismanaged and deserve to fail. And they’re probably not wrong since durational risk arbitrage is literally the core business model of a bank.