Blinder says Fed, ECB should pause
The Federal Reserve and the European Central Bank should pause their plans to raise interest rates until banking stress recedes, a former top Fed official said Wednesday.
The... The Federal Reserve and the European Central Bank should pause their plans to raise interest rates until banking stress recedes, a former top Fed official said Wednesday. ECB officials will meet Thursday to discuss the path of interest-rates. The Fed has another week to ponder their decision. In the interview, Blinder said concern about the health of Credit Suisse “is a big, big deal,” he said. Worries about U.S. regional banks and Silicon Valley Bank pale in comparison, he added.
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