IMF Insider Warns of Looming US Banking Crisis Amid Inflationary Pressures
A former IMF Deputy Director, Desmond Lachman, now a senior fellow at the American Enterprise Institute, is raising alarm bells over a potential banking crisis in the United States, driven by hot inflation and diminishing hopes for interest rate cuts from the Federal Reserve. This tempest is further fueled by growing concerns over a burgeoning crisis within the real estate market, particularly affecting regional banks heavily invested in commercial real estate (CRE) loans.
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