Federal Reserve expected to raise interest rates amid banking crisis

The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.

#news #economy #federalreserve

[bobby-ovqn]

“Federal Reserve expected to raise interest rates amid banking crisis that they caused” FIXED IT.

[allenhubbard]

You need to make a video on how to make 6 figures monthly because I have read about investors making up to $650, 000 within 5 months and I really want to know how to outperform the market and make a significant profit

[paranoidhumanoid]

Yellen basically told small banks that no matter what risk they take on and no matter the severity of their financial status, she will have their backs. That is not sound advice -- it's recklessness.

[joeanderson]

This intrest rate hike is a big mistake. Prices are rising because of greed. Not because of inflation, or supply and demand.

[The_Oblivion_Light]

I know one thing... By the time minimum wage do reach $15 an hour, a living wage as they call it, it will be like minimum wage never got a raise at the rate they are going with these hikes. Whole new standard is being created for the cost of our commodities and services. The real question is when will the line be drawn. Now, 18 ct eggs are on the average of under $9. So, what will it cost some 10-20 years from now? $15? $20? I mean, at the rate we are going, a hundred years from now, minimum wage can be $50 an hour and that still won't be enough to make ends-meet as minimum wage never had. The system is not working and the irony of it all is that they know it is not working and they don't want it to work. Its like the government really wants us poor, LOL, then ask for our votes.

[frankp]

The Fed Chair Powell & Yellen should be " Tar & Feather " period.

[Boxagami]

Raising rates doesn't fix supply chain break downs we have. He knows this, or he's ignorant. So far, raising rates is causing damage and layoffs. That's not reversing inflation or stopping it.

[stephenbelcher]

You’ve Got my entire confidence in you completely Janet Yellen: I mean what would I do if if we made it to Coney Island for ice cream I’d have to buy mine alone in the rain

[melissasaint]

They're going to drive us back into a serious recession. They need to pause raising of interest rates, and the Justice Dept or Congress needs to first open investigations into whether some industries have taken advantage of existing issues to artificially inflate prices further.
Just the threat of it will probably be enough to slow inflation in some areas.
Also, as best we can within our limited power, we need to try to end things like "food speculation" investing. That's not ethical.

[camadams]

1:28 It's absurd this was done instead of nationalizing the entire US banking sector. In capitalism you suffer the consequences of your actions (both positive and negative). However, banks, which are private companies, that generate profits for shareholders, are always getting bailed out by the government.

In what universe did we decide privatizing the profits & socializing the losses was a good idea?

[sennaha]

Interest hiking at this point won't reduce inflation. Wages will need to crash, and supply chain will need to be put on steroids. Energy is falling, but prices remain steady. This verifies first two points.

[fushionm]

You can see later today Fed will stick to it policy and raise 50 basis points. Just because a few Banks caught a cold they are not going to change their policy.

[merrydaye]

Insanity, Oligarchy has destroyed America.

[tonicalloway]

So if one bank bails out another bank..wouldn't the former be beholden to the latter as well as inflation and creditors and stockholders and the people?..I find it absurd for a bank to owe another one..nothing is without danger..

[StalinTheManfSteel]

Another astounding achievement for the Biden Administration!

[cmonz]

Powell does not make it clear what is ahead. These anchors should not go off script, ever.

[stephenbelcher]

Yes I agree: War is going to be done here: 2%: Jay Powell

[RB]

Didn’t hear a word she said was too busy staring

[bngr_bngr]

Raising interest rates is going to send more banks into trouble. Banks have been losing money with their lower interest rate investments. At some point the system will start to hemorrhage.

[christopherjelen]

It sure was nice being too-big-to-fail I'm literally have infinite cash