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This is also why Chairman Powell was forced to reduce interest rates. Had the Fed chosen to continue raising rates, as Wall Street expected, it is likely that several major Banks and other Depository Institutions would have closed.
By David Reavill5
44 ratings
This is also why Chairman Powell was forced to reduce interest rates. Had the Fed chosen to continue raising rates, as Wall Street expected, it is likely that several major Banks and other Depository Institutions would have closed.