Moody’s just announced a downgrade of its outlook on the entire US banking system to negative from stable to reflect “the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY.”

Danielle explains the nuances of recent developments in the discussion below, taped yesterday.

Danielle DiMartino Booth, CEO & Chief Strategist of Quill Intelligence, joins Jack Farley to share her thoughts on how the ongoing turmoil in the U.S. regional banking sector will affect the economy and the Federal Reserve’s fight with inflation. Here is a direct video link.