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The Fed Will Keep Tightening

The Fed Will Keep Tightening
A security guard at the failed Silicon Valley Bank monitors a line of people outside the office in Santa Clara, Calif., on March 13, 2023. Justin Sullivan/Getty Images
Milton Ezrati
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Commentary
With the failures of Silicon Valley Bank (SVB) and Signature Bank, much of the financial community seems to think that the Federal Reserve will try to ease financial pressures by softening its counter-inflationary policy posture. The Atlanta Fed’s market probability tracker showed a dramatic downward adjustment in people’s expectations of interest rate increases.
Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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