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Create Great Policy: Banking Stability & Ongoing Inflation
Recently, Silicon Valley Bank was closed by state banking regulators, and New York officials did the same to Signature Bank. The Federal Deposit Insurance Corporation was appointed as the receiver of both banks and the Federal Reserve Board partnered with the Treasury to create the Bank Term Funding Program. What does this say about the stability of the banking system?
Additionally, inflation continues to be higher than economists’ expectations.
– The data will likely keep the Federal Reserve on track to hike interest rates 25 basis points when officials meet next week, though concerns about the future of the banking system could throw a wrench in central bankers’ plans.
What’s Next: Actions are being taken to stabilize the banking system and ensure the public’s confidence in it. Where do we stand, what’s next and what does it mean for business and bank depositors?
Sign Up: Join us for a town hall with Dr. Logan Jones, Dean of the School of Business at Ferris State University, Ben VerWys, Founder & Senior Financial Advisor of Founder of Fiduciary Financial Advisor and Omar Cuevas, VP of Investor Relations from the Grand Rapids Chamber to better understand the situation and how you can protect your business.