CNN At This Hour With Kate Bolduan June 4, 2024 15:23:00
Failures. fed chair drum powell , you know, he stressed that the banking system is safe. but he also acknowledged that there is this risk of a credit crunch where it gets harder for all of us to borrow, and that slows the economy. so there's so many moving pieces here. i think one of the big takeaways for everyone at home is that the fed really means business when it when it comes to like trying to fight inflation because they had every excuse not to raise rates, but they did anyway. the good news is for savers right? because money in the bank is finally going to earn something depending on wh...
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