https://www.siliconvalley.com/2023/03/27/jill-on-money-bank-failures-put-fed-in-the-hot-seat/ > Federal Reserve officials were under fire as they convened their two-day policy meeting, during which they decided to raise short-term rates by a quarter of a percentage point to 4.75-5.00 percent. Despite uncertainty in the banking sector, the Fed said that still-high inflation required action. > The rate decision, along with events of the previous two weeks at Silicon Valley Bank (SVB), Signature Bank, and Credit Suisse, have put the Fed’s policies and oversight in the hot seat.