Fed Decision: Key moments from Powell's Presser
The Federal Reserve taking a dovish stance, raising interest rates a quarter of a percentage point at its March meeting. At the beginning of month, the expectation was for a half-point hike, but following the collapse of Silicon Valley Bank (SIVB) and Signature Bank (SBNY), the quarter-point hike was what most investors had priced in.
In a press conference after the decision was announced, Chairman Jerome Powell made it clear that bringing down inflation was still the Fed's goal, saying "inflation remains too high." However, he acknowledged the potential economic drag of the banking turmoil, stating "events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses."
When it comes to the collapse of SVB, Powell didn't mince words, "at a basic level, Silicon Valley Bank management failed badly." Powell also addressed the Federal Reserve's review of its own supervision of SVB, stating "my only interest is that we identify what went wrong here," adding that after the investigation is complete, the Fed will need to develop and implement "the right policies to put in place so that it doesn’t happen again."
Key video moments:
00:05 Response to bank crisis
00:19 Powell on SVB collapse
00:36 Fed response to SVB
00:47 Inflation is too high
00:58 Impact of banking crisis on inflation
相關影片推薦
- 1:51罹大腸癌無法再改車 家屬辦拍賣會延續愛|#鏡新聞鏡新聞48,486 次觀看・11 小時前
- 1:08粉絲抱怨IVE服裝張員瑛又獨自美麗 秋天甚至被說像工地主任:只差一頂安全帽娛樂星聞5,202 次觀看・2 天前
- 1:07王力宏難敵歲月摧殘顏值崩塌! 新造型網友不買單直呼:老態盡顯娛樂星聞11,327 次觀看・1 天前
- 2:02停紅燈遭後車撞亡 業務員上班遇死劫獨留妻兒TVBS新聞網影音8,931 次觀看・2 天前
- 1:42【直擊】余天孫子女終於回家了!樂樂緊抱余筱萍 拉著余祥銓捨不得放娛樂星聞153,631 次觀看・1 天前
- 1:57Energy太狂!簽唱會湧5千名粉 王子鬆口「棒棒糖」回歸:接洽中TVBS新聞網影音2,393 次觀看・10 小時前
- 1:44台版「寄生上流」! 保全疑窩居台中12期豪宅地下室東森新聞影音2,337 次觀看・15 小時前
- 1:41都更後變無家可歸! 住戶拿70萬怨:廁所都買不到東森新聞影音146,671 次觀看・2 天前
- 1:43獵槍草案要求製槍零件「國外買」 原住民:成本暴增東森新聞影音1,785 次觀看・9 小時前
- 1:41工程師繳335萬直呼"繳稅好痛" 網驚:可以買進口車了民視影音9,262 次觀看・7 小時前
熱門必看
- 13:05雪力神分析INF人!精彩到連唐老師都忘了講星座!?Ep.216-3唐綺陽談星室31,081 次觀看・5 天前
- 14:06到京都別只衝伏見稻荷神社 想變美、求戀愛運來這才內行Yahoo創作摩人23,152 次觀看・6 天前
- 11:30【淚之女婿】突變劇情被罵爆... 原來賢祐就是白血球?眼淚是海仁找回記憶關鍵?七大《女王》解析&主演幕後故事Ki笑人生44,327 次觀看・3 天前
- 8:05拿水沖香奈兒!?90萬小廢包沒人帶?! 2024精品新趨勢 永續環保最時尚!!Sherry袁曼軒5,691 次觀看・6 天前
- 7:40花200萬存0056後悔了?4年定期定額0050與0056投報大公開!SHIN LI23,332 次觀看・5 天前