(Global Stagflation) - 'Fed's policy rate will need to rise..'

'Bullard said it was "relatively common" for some financial firms to fail to "adjust their businesses appropriately" as financial conditions change, noting events like the collapse of Continental Illinois bank in 1984 and the 1998 collapse of Long-Term Capital Management.

"These events received considerable attention at the time, but were not ultimately harbingers of poor U.S. macroeconomic performance," he said.'

- Fed's policy rate will need to rise.., March 24, 2023



Context

(Global Stagflation) - UK inflation jumps to 10.4%, surprising analysts - 'Food prices jumped 18%..'

(March 2023) - '..the banking system remains awash with €4tn of excess liquidity..'

US not considering 'blanket insurance' for bank deposits, Yellen says


(Banking Reform)(Ethics) - 'A stable financial system .. [doesn't] exist in the U.S.' - The Wall Street Journal Editorial Board

(The Taylor rule) - '..Bullard .. Using standards set by Stanford economics professor John Taylor..'

(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'