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It's been a week filled with uncertainty for the banking sector, investors and consumers. The collapse of Silicon Valley Bank and subsequent government takeover, the Credit Suisse stock crash, and yesterday's $30 billion big bank bailout of First Republic have given the Fed a lot to consider ahead of its upcoming interest rate meeting. Former IMF Chief Economist Ken Rogoff, now a professor of economics at Harvard, has repeatedly warned of financial instability if the central bank continues to raise interest rates. He joins Julia to discuss.
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It's been a week filled with uncertainty for the banking sector, investors and consumers. The collapse of Silicon Valley Bank and subsequent government takeover, the Credit Suisse stock crash, and yesterday's $30 billion big bank bailout of First Republic have given the Fed a lot to consider ahead of its upcoming interest rate meeting. Former IMF Chief Economist Ken Rogoff, now a professor of economics at Harvard, has repeatedly warned of financial instability if the central bank continues to raise interest rates. He joins Julia to discuss.
To learn more about how CNN protects listener privacy, visit cnn.com/privacy
Learn more about your ad choices. Visit podcastchoices.com/adchoices
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