The Fed is done raising rates because policymakers can't measure how much the bank crisis is tightening conditions, investment manager says
to future increases. And Powell acknowledged that tighter financial conditions would mean the Fed doesn't have to do as much with monetary policy.
Kilburg said the Fed has to gauge the amount by which lending has been affected."They're going to take a pause. They're going to have to sit back and measure."blanket insurance"This is not a crisis. This is a bunch of novice bond traders mismanaging Treasury books at Silicon Valley Bank, Signature Bank, and in some of the other banks so it's very isolated," he said.
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