The Fed sees a looming credit crunch. What’s that?
March 25, 2023 at 07:54 AM EDT
March 24 (Reuters) - It's an old saw: A credit crunch is when your bank won't lend to you. A credit crisis is when banks won't lend to each other. Federal Reserve Chair Jerome Powell said Wednesday Silicon Valley Bank's collapse and the banking system upheaval it triggered "are likely to result in … Source
