The Fed faces a no-win situation' but must keep raising interest rates anyway, says former Fed official

The shocking implosion of Silicon Valley Bank should not deter the Federal Reserve from its war on inflation, according to former FDIC and Fed official Thomas Hoenig.The Federal Reserve is in the hot seat.It's a no-win situation for them, Hoenig, the former vice chair of the Federal Deposit Insurance Corporation, told CNN in a phone interview on Monday.

Read at www.cnn.com