Fed sees credit drawdown looming, shifts towards pause on rate hikes

U.S. officials across several agencies have been coping with the fallout,or regulations might be needed and whether changes are needed to the U.S. deposit insurance program - a systemwide backstop that failed to stem a deposit run at SVB.

"Financial conditions seem to have tightened and probably by more than the traditional indexes say because ... they don't necessarily capture lending conditions," Powell said. "The question for us is how significant will that be?"

RealestMercury We knew this because it’s on their check list. Repeating history cause it works for Them. 1929 (destabilization), War of the Worlds (fear of boogie man, new tax source for Surveillance), WWII (depopulation), confiscation of Gold for fake money they control (enslavement)..

FED is lying to people..Fed is letting banks collapse. The interest rate will rise again.. the fed will not be able to save the economy.. the economy and inflation will collapse

So he is “guessing…” Shouldn’t he be a little bit better⁉️🇺🇸

Every Democrat should be suffering from voter remorse..

Everything is way worse under this administration! Even a $3 stick of deodorant is up to $7 now..

Awesome. Driving us right into stagflation. Welcome Back Carter.

It's a bank run. Jerome can call it what he wants, but people already know. bankrun

Isn’t this what we want?

Dear respectful Chair Jerome Powell, I would say that rather than only money tighten policy, how about making less budget spending,stopping the payment of unemploymt fee for those quitting a job only three month works, and smooth supply chain etc in cooperation with departments.

Diversified banking economy USA continue. However, sincerely, not t an easy situation to sort out. I respect the balance of free market and then a government, governments that respect that they are not the market, but a part of the market- a regulator- but not command and control

No kidding. It was obvious. How bout a headline: “Fed Chief says Obvious about Banks!”

Our current monetary policy:

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