Experts say Fed may pull back on interest rate hikes after positive CPI report, bank crash

by The National Desk

Wed, March 15th 2023, 7:39 PM UTC

Federal agencies are now vowing to protect depositors affected by the recent failures of two banks. It’s led to questions and controversy over what caused their collapse and what the relationship between the banks and the U.S. government will look like going forward. (SBG)

FILE- The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018. Facing the prospect of a third financial crisis in less than two decades, the Federal Reserve initiated a broad emergency lending program late Sunday, March 12, 2023, intended to shore up confidence in the nation's financial system following the collapse of two large banks with deep ties to the tech industry. (AP Photo/Andrew Harnik, File)

A woman leaves a branch of Signature Bank in New York, Monday, March 13, 2023. (AP Photo/Seth Wenig)

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Federal agencies are now vowing to protect depositors affected by the recent failures of two banks. It’s led to questions and controversy over what caused their collapse and what the relationship between the banks and the U.S. government will look like going forward. (SBG)

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