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Banking crisis is over but its effects will last, Powell says

Por: The Hill Politics May 03, 2023

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Federal Reserve Chairman Jerome Powell indicated Wednesday that the period of bank failures that have rattled markets and the economy has come to an end. Speaking to reporters after the Fed pushed ahead with its 10th rate hike since last March, Powell sought to reassure the public that the worst of the banking crisis is behind the U.S. PacWest Bank was “weighing a range of strategic options, including a sale” after its share price fell 45... + full article



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