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Sheila Bair: ‘I feel for the regulators. You’re damned if you do and you’re damned if you don’t’

Photo: Getty Images

The US banking expert discusses distorted interest rates and the dangers of the ‘shadow’ banking sector.

15 December, 2022 by Brooke Masters

This is part of a series, ‘’, featuring conversations between top FT commentators and leading economists and policymakers

Central banks across the world, most notably in the US, are struggling to tame inflation with higher interest rates. But the more rates climb, the more stress they put

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