Summers Says Alarm Bells in Economy Could Go Off

The video discusses the importance of CPI numbers as a key economic indicator before the Federal Reserve meeting. It explores whether the economy is stabilizing or maintaining its current state. Additionally, it addresses concerns about the banking system, particularly the situation with Silicon Valley Bank, and the potential for financial contagion. The speaker hopes for actions that will reduce alarm in the financial sector.

What concerns does the speaker express about the Silicon Valley bank?

What does the speaker anticipate will happen to alarm levels this week?