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CNN Fareed Zakaria GPS June 4, 2024 17:42:00

Other is to keep banks stable, and many banks are seeing their holdings lose value amid rising interest rates. the fed hopes to do both, but it won t be easy. what can history tell us about what caused the fed is likely to take and what will happen to the global economy as a result. my next guest is the economic historian neil ferguson, the author of the ascent of money, a financial history of the world and many many other great books. welcome neil. let me first ask you, um do you think that the fed has so far handle this banking crisis appropriately? well one of the things we discover when we go into financial history is that when a situation like this arises, whether you re a double hawk, you have to do something because if you do nothing, and you get a generalized bank run, then you face a very dangerous situation . indeed, so i think in the ....

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CNN Fareed Zakaria GPS June 4, 2024 14:43:00

Well one of the things we discover when we go into financial history is that when a situation like this arises, whether you re a dove or a hawk, you have to do something because if you do nothing, and you get a generalized bank run, then you face a very dangerous situation . indeed so i think in the short run, the fed had to do something , and the thing that it had to do was to reassure uninsured depositors, people with deposits in above the federal deposit insurance corporations insurance maximum that they d be okay. but if you take a step back, it s a it s a disastrous situation to have got into the fed shouldn t have had to do this. the f d i c shouldn t have had to do this. something went terribly wrong in the oversight of not only that bank but other banks that got themselves into this situation. and now, neil, the fed faces this. this dilemma, which is on the one hand, it s been trying to make it more difficult for ....

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CNN CNN Tonight June 4, 2024 06:45:00

With ukrainians meeting with zelenskyy today. what do you think of that? translator: they will be varying my son-in-law tomorrow. they will bring him in a coffin, cast be the war. [crying] the generalized occurs on the geopolitics that has led to private and personal misery for yet another ukrainian family there, wolf, but we also spoke to one man and he repeated the wider statement, the wider reaction to american international help. give us more weapons, this is what he said. what do you think of biden s visit to kyiv today, the american president is in kyiv visiting zelenskyy right now? [speaking non-english] translator: it is for the best. do you have a message for him? translator: what would i tell the american president? give us more weapons so we can now, of course, this area, wolf, is being pounded, as i ....

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