How will the Fed respond to bank failures?

Mike Armstrong and Brendan Hayes discuss US inflation numbers cooling in February but hold off judging the bank failure's impact on inflation till May. Consumer prices rise 6% from a year earlier. The collapse of SVB and Signature Bank calls the Fed interest rate path into question. Bank failures are uncommon, it just hasn't happened in a couple of years. The biggest US banks rake in deposits. Was this move by the government a bailout?