We Could Be At Risk Of Fighting Stagflation

The bad bank risk management should not constrain needed monetary tightening, notes William Lee. He discusses the outlook for markets after the Fed meeting tracking, and the fallout from the banking sector. He mentions that unless inflation is reduced quickly, we risk having to fight stagflation. He highlights that the Fed fanned fears of systemic bank risk instead of acknowledging its own supervisory failures. He goes over how we don't have a banking crisis, but we do have a supervisory crisis. Supervisors didn't do their job and some bad banks were allowed to continue until they failed badly. Tune in to find out more about the stock market today.