Why the Fed Raised Interest Rates Amidst a Banking Crisis

Over the past year the Federal Reserve has been steadily raising interest rates to try to bring down inflation. But the recent banking crisis has thrown a wrench into its plans. WSJ’s Nick Timiraos explains how the Fed is now trying to fight two problems at once. Further Reading: - Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress  Further Listening: - What Just Happened at Credit Suisse?  - Can the Government Contain a Banking Crisis?  - The Economy Is Too Hot for the Fed