A vast majority of Americans believe another financial crisis similar to the 2008 financial collapse is “likely,” a CBS News/YouGov poll found Thursday.
The question was posed to respondents just before the Fed raised interest rates on Wednesday by a quarter of a percent , a decision subject to speculation by financial experts, as the central bank weighed reducing soaring inflation and the stability of the banking system.he Fed was stuck between a rock and a hard place. With the Fed increasing interest rates, banks could likely continue to struggle with liquidity and perhaps cause more bank failures.
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on March 22, 2023. The poll also found that Americans believe President Joe Biden’s inflation is the number one reason to say the economy is struggling, outweighing the recent banking crises and the stock market decline.CNN’s Richard Quest: ‘More Banks Are Going to Go out of Business’ — They’re ‘Stuffed’ with Bonds:
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