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Central bank — saw with our federal reserve, the central bank in _ saw with our federal reserve, the central bank in the _ saw with our federal reserve, the central bank in the united - saw with our federal reserve, the central bank in the united states i central bank in the united states yesterday. — central bank in the united states yesterday, raising _ central bank in the united states yesterday, raising interest - central bank in the united states yesterday, raising interest ratesl central bank in the united states . yesterday, raising interest rates by quarter— yesterday, raising in...

This really is one of the most challenging decisions in jerome powell's career. and it could really go a long way towards shaping his his legacy. now goldman sachs thinks that the fed is going to do nothing here. keep interest rates steady, trying to survey the damage in the banking industry, and that's what sheila bair things should happen to. but look at this over on wall street investors are actually coalescing around the idea that the fed is going to raise interest rates at last check about 85% chance that the fed raises rates by a quarter of a basis point. just 15% chance right now of no ...

The banking system even worse so this is a very difficult position for them. and there's been a lot of debate about what they're going to do. sheila bear wants them to kind of do nothing, hold steady, look at the damage before keep raising interest rates. goldman sachs predicts that's actually what they're going to do. over on wall street, investors are starting to coalesce around the idea that they're going to raise interest rates. at last, look, there's now an 87% chance priced into the market that the fed raises rates by a quarter of a basis point. that figure has been growing all day and a...

Bank, which is presumably one of the ones that yellen was referring to if not explicitly as, you know, if there's a run on the bank the federal government would come in. if you look at first republic bank's stock, it has gone up today. it has been doing better. lots of other banking stocks also doing better today, presumably in light of that greater reassurance from the federal government. what all of this means for the federal reserve, i think we still don't know. there had been calls a week ago for the fed to potentially pause its rate hikes. you know, not tototototo ago before all this turm...

Basis point jump from original prediction about recession, the recession debate aside, what is happening with republic is a push and pull. you have major banks, you have j.p. morgan, morgan stanley, wells fargo, goldman sachs bailing out first republic bank. depositing $30 billion to the bank trying to shore it up. what is interesting, there is criticism with janet yellen, of course she is going to go in front of congress and say the banking system is stable, of course she will do that, that is her job. you have to remember, j.b. diamond, said he would never do a bailout again. i would argue w...