David Nasatir Discusses the Recent Interest Rate Increase in Commercial Observer
Obermayer Chair David Nasatir was interviewed by Commercial Observer on March 22, 2023, in connection with the Federal Reserve’s recent decision to increase interest rate by a quarter point. In the article, titled “Fed Indicates Possible End to ‘Ongoing Increases’ After 25bp Hike,” David stated that it is important the Fed signals soon that its rate hikes will be halted or slowed, especially in light of how the market has responded to concerns about regional banks.
“The sudden flight to safety and the fears of banks collapsing has put tremendous pause on anybody wanting to do anything right now, and that includes the biggest of the big banks,” said David. “I think the Fed needs to take a pause on these things for some substantial amount of time to see how the economy is turning.”
Read the full article here.