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masshiker t1_jeapf21 wrote on March 30, 2023 at 5:20 PM

Reply to comment by jcodes57 in BlackRock warns that investors are making a mistake by betting on the Fed to cut rates by uslvdslv

Powell is going to get tagged with being the first FED chair to cause the banking system to actually lose money.

https://www.wsj.com/articles/for-the-first-time-the-fed-is-losing-money-mortage-backed-securities-treasurys-interest-rate-risk-svb-ad92e96f

Petro081 t1_jeb35jw wrote on March 30, 2023 at 6:47 PM

Don’t worry, I’ve already been seeing people blame it on Biden.