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Federal Reserve Faces Tough Decision on Rate Increase
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Federal Reserve Chair Jerome Powell and his colleagues this week face one of their toughest calls in years: whether to raise interest rates again to fight stubbornly high inflation or take a timeout amid the most intense banking crisis since 2008.
The decision over whether to raise interest rates by a quarter-percentage point is likely to hinge in part on how markets digest the forced marriage Sunday of two Swiss banking giants, UBS and Credit Suisse , and other steps to calm fears of contagion in the banking system. Fed officials’ two-day meeting concludes Wednesday.
Read more on wsj.comAbout this in other media
Latest Fed Increase Came Down to the Wire. ‘That Was a Rough Weekend.’ wsj.com /1 year ago
Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues cnbc.com /1 year ago
Sergio Ermotti faces another battle to overhaul Credit Suisse’s investment bank fnlondon.com /1 year ago
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