SVB management ‘completely inert’ in considering long-term securities amid Fed rate hikes: Economist

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Dreyfus and Mellon Chief Economist Vincent Reinhart, a former director of the Federal Reserve’s Board of Monetary Affairs, joins Yahoo Finance Live anchors Dave Briggs and Seana Smith to discuss the failure of Silicon Valley Bank, the larger banking crisis, the Federal Reserve interest rate hikes, and the outlook for the upcoming congressional hearings on recent banking failures.
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