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US Fed hints at credit crunch after banking turmoil; how is it different from credit crisis?

The recent banking sector turmoil could result in banks becoming more strict in extending credit, Federal Reserve Chair Jerome Powell said at the central bank's March meeting. In other words, a credit crunch is coming. Let’s understand in this video what that means and also how it impacts you.

first published: Mar 28, 2023 03:05 pm