Silicon Valley Bank's collapse is looming over the Fed as it makes the next move in its war on inflation this week
— but as Powell said following the announcement, continued hikes will be warranted as the country continues to battle high prices.a letter to Powell last week
"The banks' executives – who took too many risks, and failed to protect their customers – are the primary agents responsible for their failure. But the greed and incompetence of these officials was allowed to happen under your watch," she wrote. "These extreme rate increases are something that he should not be doing," Warren said."And the reason for that is twofold. The first is to remind Chair Powell: he has a dual mandate. Yes, he is responsible for dealing with inflation, but he is also responsible for employment.
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