Supervisory action to boost banks' capital, liquidity would aid creditors, depositors
Powell and other officials have signalled in the past week that they're likely to support a pause
Bank failures may cause lending reduction but inflation remains well above 2% target
Stubbornness of high inflation divides Federal Reserve on managing interest rates
Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations
Consumer prices rose by 0.4% from March to April, up by 4.9% from April 2022.
Tighter credit standards are expected to be followed by a reduction in lending
The Fed describes the banking system as `sound and resilient' but notes the impact of a pullback in bank lending remains uncertain
Officials want to see inflation decline consistently before considering major policy shifts
SVB “remained well-rated, even as conditions deteriorated,” central bank report says