"Financial Turmoil: Banks and Small Businesses Brace for Impact"

While banks are currently facing turmoil, a bigger financial crisis may be brewing elsewhere. Former Citigroup chief economist, Willem Buiter, argues that the recent bank failures cannot be blamed on the Federal Reserve and that the central bank should continue to raise interest rates to prevent future crises. The economy remains a concern as trade tensions and geopolitical risks continue to impact global markets.