Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the U.S. closer to recession, Minneapolis Fed president Neel Kashkari said Sunday in comments to CBS show Face the Nation.
"It definitely brings us closer," Kashkari said. "What's unclear for us is how much of these banking stresses are leading to a widespread credit crunch. That credit crunch . would then slow down the economy.
"It definitely brings us closer," Kashkari said. "What's unclear for us is how much of these banking stresses are leading to a widespread credit crunch. That credit crunch ... would then slow down the economy. This is something we are monitoring very, very closely."France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Opinion: How has confidence in the U.S. banking system held up after recent bank bailouts?Two high-profile bank collapses, and fears of others, have tested people’s confidence in U.S. banks and government regulation. What do you think of the U.S. bank bailouts and have your thoughts on banks or how you handle your money changed?
Lire la suite »
European stocks fall as Deutsche Bank sparks another bank routA steep sell-off in banking stocks hit European indexes on Friday as worries about the stability of the financial sector intensified, with Deutsche Bank tumbling as cost of insuring the German bank's debt against the risk of default jumped to a more than four-year high.
Lire la suite »
Veteran of FDIC Takeover Tells What It’s Like to Run a Failed BankThe recent collapses of Silicon Valley Bank and Signature Bank evoke memories of a 2008 takeover by the FDIC
Lire la suite »
Better biking for all: Three takeaways from The Tribune’s recent reportingThe Tribune recently interviewed several people who are helping shape cycling infrastructure and attitudes in Utah. Here are three important takeaways from that reporting.
Lire la suite »
Crude Oil Forecast: Markets Continue to Recover From RecentOn Thursday, the West Texas Intermediate Crude Oil market rallied, breaking above the $70 level.
Lire la suite »