Opinion: The Fed’s ‘Stress Tests’ Overlook the Dangers Facing Banks

Washington Post, July 11, 2023–Sheila Bair
The Federal Reserve’s recently completed “stress tests” gave high grades to banks for passing exams that fail to prepare them for the biggest risk that likely awaits them: a prolonged period of high and rising interest rates.
https://www.washingtonpost.com/opinions/2023/07/11/banks-fed-stress-test-interest-rates/