Fed's Dilemma: "Stabilize Prices or Stabilize the Market?"

"US Banking System is sound and resilient" (US banking system remains stable and resilient) is what Powell affirmed in his speech after last week's FOMC. 

But the red of US regional banks stocks mid-last week after the complete collapse of First Republic Bank tells the opposite story. Along with that, the surprising Labor Department jobs report signaled that Fed's longer war with inflation continues, despite negative impacts on financial markets. 

• So, does the current state of the banking system put any pressure on the Fed?

• And what is last week's labor report directing the Fed's attention to?

"Stabilize prices or stabilize the market?" is the eternal question of the Fed in all historical inflation periods. And Viet Hustler will also return to this question through this weekend's macroeconomic article. 

Domino effect causes banking crisis to spread