When inflation is high, the Federal Reserve has historically raised interest rates. But in times of economic uncertainty and risky banking practices, raising rates could cause an overcorrection -- and spark a recession.
The Times podcast: Silicon Valley Bank's collapse may affect your interest rate
L.A. Times - 17 Mar 2023 14:00
When inflation is high, the Federal Reserve has historically raised interest rates. But in times of economic uncertainty and risky banking practices, raising rates could cause an overcorrection -- and spark a recession.
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