Why the Fed Raised Interest Rates Amidst a Banking Crisis

Over the past year the Federal Reserve has been steadily raising interest rates to try to bring down inflation. But the recent banking crisis has thrown a wrench into its plans. WSJ’s Nick Timiraos explains how the Fed is now trying to fight two problems at once.

Further Reading:

- Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress 

Further Listening:

- What Just Happened at Credit Suisse? 

- Can the Government Contain a Banking Crisis? 

- The Economy Is Too Hot for the Fed 

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