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Worst bank turmoil since 2008 means Federal Reserve is damned if it does and damned if it doesn't in decision over interest rates

By Alexander Kurov, Professor of Finance and Fred T. Tattersall Research Chair in Finance, West Virginia University

The Federal Reserve faces a pivotal decision on March 22, 2023: whether to continue its aggressive fight against inflation or put it on hold.

Making another big interest rate hike would risk exacerbating the global banking turmoil…

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