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Wall Street Aces Its Real-Life Stress Test
Wall street aces its real-life stress test. Every year the biggest U.S. banks endure a tedious exercise, where their businesses are put through a series of theoretical contortions to see how they’d perform in a crisis. One flaw in this plan is that the Federal Reserve, which designs the stress test, has tended to assume that when bad times come, interest rates would fall, not rise. This misconception was corrected by the market, which just staged an exam of its own. Wall Street aced it. The anxi...
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Posted: Apr 20 2023, 16:20
Author Name: vladimirribakov
Views: 111783
