3/14/23, The Indicator (9:30)
Link: https://www.npr.org/2023/03/14/1163486839/the-feds-new-dilemma-protect-banks-or-fight-inflation
Summary: February inflation numbers are out and the bottom line is that inflation remains stubbornly high. However, the Fed’s job, laser focused on price stability till now, gets complicated in the aftermath of the SVB collapse. Today’s exercise asks students to debate whether the Fed should pause interest rate hikes as it weighs the tradeoffs between fighting inflation and stressing bank balance sheets.
audioecon 