As Federal Reserve Mulls Interest Rate Hike After Bank Failures, Frontline Correspondent James Jacoby Explains How Fed’s “Culture Of Secrecy” Threatens Hollywood And Big Tech

deadline.com:

The Federal Reserve is expected to raise interest rates again on Wednesday, continuing its year-long push to curb inflation.

But that balance is more elusive than ever given the failures of Silicon Valley Bank and Signature Bank and subsequent meltdowns tied to the new rate environment.

James Jacoby, a correspondent with Frontline, spent years reporting on the Fed’s mysterious ways for an installment of the PBS series, Age of Easy Money.

The documentary, which premiered last week and is available to stream for free on the PBS YouTube channel, details the long series of decisions from the 2000s to today that kept interest rates artificially low.