Claudia Sahm
@Claudia_Sahm
macro, Fed, fiscal. creator of the Sahm rule, a recession indicator.
Joined June 2014
4.5K Following 83.5K Followers
Who sets the culture, if not the leaders?
SCOOP: Fed officials knew-or should have known-up to a year in advance that Silicon Valley Bank was vulnerable to a massive run, but were paralyzed by a "miasma of committees," according to people familiar with a new draft report commissioned by Fed governor Michelle Bowman.
Rather than targeting individual leaders, the review points to a long-standing culture of inaction.
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