UPDATE 1-Fed's Kashkari: Banking stress brings U.S. closer to…

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“At the same time,” he continued, “we’ve seen that capital markets have largely been closed for the past two weeks. If those capital markets remain closed because borrowers and lenders remain nervous, then that would tell me, okay, this is probably going to have a bigger impact on the economy. So it’s too soon to make any forecasts about the next FOMC meeting.”

“It definitely brings us closer,” Kashkari said. “What’s unclear for us is how much of these banking stresses are leading to a widespread credit crunch. That credit crunch … would then slow down the economy. This is something we are monitoring very, very closely.”

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‘But those Dеlaware State kids, they’re on CΒS, and I envisioned that someday, they’re going to have the VHS tape to be able to show their grandchildren and say “I played in the NCAA Tournament,” Nantz said during a courtside conversation with The Assoϲiated Prеss the day befoгe the staｒt of his last Final Ϝour. 

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