Columbia University's Mosser on Fed Rate Hike

The transcript discusses the challenges faced by regional lenders due to contagion fears and the potential systemic risk. It highlights the impact on small and medium-sized banks, the role of the Fed, and the criticism of its actions. The discussion also covers the implications for monetary policy and the economic outlook, considering credit market turmoil and inflation.

What role does credit risk play in the current financial stability of banks?

What implications does the uncertainty in credit markets have for the macro economy?

How does the behavior of inflation and the labor market influence the Federal Reserve's monetary policy decisions?