The rating agency noted the extraordinary actions taken to shore up impacted banks. But said other institutions with unrealized losses or uninsured depositors could still be at risk.
Still, at the fundamental level, the economist believes the U.S. banking system is in a "pretty good spot." "There are banks that are in trouble, but they're idiosyncratic," he said. They've got tangled up with the problems in the tech sector and the crypto market. Outside of that, the system is well capitalized, highly liquid, with good risk management. "
Despite the reassuring moves, the economist said the Fed should still pause its rate hikes to gauge just how much conditions have tightened, and what the impact is on the broader economy and ultimately inflation.
Yeah. Powell just gonna say “Fuck it!” and let inflation stay at 6%
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