MSN: As Fed stands pat on interest rates, there are 'a lot of zombie banks out there'

“We see more risks of bank failures, and a lot of forced consolidation across banking,” said Greg Friedman, co-founder of Atlanta-based real-estate investment firm Peachtree Group. “I don’t agree with Powell.”

Fed Chairman Jerome Powell said Wednesday that the U.S. banking system remains “solid, strong, well capitalized,” and also lending. “The banking system seems to be in good shape,” he noted.

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