'How did this happen' — Powell says Fed stumped over the collapse of SVB
By Coinnews in Cryptocurrency
Updated a year ago
During a post-FOMC meeting on March 22, U.S. Fed Reserve Chairman Jerome Powell conceded they were stumped by the sudden fall of Silicon Valley Bank.
![how-did-this-happen-powell-says-fed-stumped-over-the-collapse-of-svb](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2023-03/9b3ecc58-ac99-47aa-9c7b-df13fe237423.jpg)