“None of this, of course, is to suggest that central banks should engineer an economic downturn to cleanse the financial system. It does mean, however, that they should raise the bar on intervening whenever it gets into trouble. As with forest fires, small conflagrations can prevent a larger one.”
I'm no #economics guru by any means, but that sure sounds like they expect more small banks to fail. This is why we #Bitcoin, people. May also be prudent to determine if your bank may be one of these potentially at risk. Bring on the rate cuts, JPow!