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Matthew Yglesias

@mattyglesias ↗

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Last Checked March 15, 2023

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Mon Mar 13 00:50:28 +0000 2023

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Matthew Yglesias @mattyglesias

In 2008 conditions, you'd see the stock market rally in response to a rescue action and say "that's good, this is working." But in the 2023 inflation-fighting mood do we want this reaction, or are lower stock prices disinflationary? https://t.co/7mwNjxO3Ck — PolitiTweet.org

Catherine Rampell @crampell

S&P futures up after regulators announced plan to backstop all the depositors in failed Silicon Valley Bank/Signatu… https://t.co/ruf2n…

Posted March 13, 2023

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Matthew Yglesias @mattyglesias

It's problematic that the Fed doesn't have an explicit theory of how raising interest rates slows demands to fight inflation. By causing some banks to fail in a way that costs people their jobs? Apparently not like that! Exclusively through construction layoffs? Why? — PolitiTweet.org

Posted March 13, 2023

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Matthew Yglesias @mattyglesias

@Neil_Irwin That does seem to be how they are thinking about it, though I wonder if anyone considered the opposite — let some banks fail and compensate by reversing course on interest rates. — PolitiTweet.org

Posted March 13, 2023