No comment on why you Demanded an answer on China instead of...

No comment on why you Demanded an answer on China instead of answering my questions per usual.

As far as Raising rates you should listen to Powels announcement of last Wednesday when they did rise rates again and explain they will probably continue. There is a recording and PDF of that meeting at https://www.federalreserve.gov/live-broadcast.htm

Inflation is the problem not banks failing. If you had taken economics at all you would know that inflation hurts everybody especially the poor. Higher rates did cause SVB to fail. That was poor management that was trying to increase returns by trading T bills. Not buying but trading. Most banks no longer do this. it is unlikely to spread to other large banks. There is a small chance it could spread to small banks if they have written a large number of variable rate home mortgages. As the rates are adjusted people may not be able to meet payments. Why anyone would take a variable rate when interest rates were at a 50 year low is beyond my ability to comprehend but some did to save a 1/2 % and now will pay dearly for that little bit of savings. I have been looking for information on variable rate vs fixed but have been unable to find it.

The Fed does have other tools than funds rate. One that I wish they would start using faster is start selling some of the $7T of bounds they own. I am sure you understand how selling even $1T of this over a year or two would push up interest rates, even if Funds rate was not touched. Probably would cause some stocks to fall faster as liquidity is pulled out of economic system. Too Much liquidity is what started all this anyways.

I am waiting for the FOMC to release minutes of their meeting that is when we will understand better their thinking. I am sure you are waiting as well.