The market may be disappointed that Federal Reserve Chairman Powell turns out to be more Paul Volcker than Arthur Burns in staying the course in his inflation fight.
Tag: Federal Reserve
Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions
Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins […]
Janet Yellen: Regulators May Have to Tighten Banking Rules in Wake of Crisis
Treasury Secretary Janet Yellen will say on Thursday that regulators may have to tighten banking rules in the wake of the banking crisis.
The Fed is now in a tug-of-war between fighting inflation and saving the banking system
It feels as though we have had a few days off when it comes to news of bank failures, collapses and ‘rescues’. But, do not be lured into a false sense of security, very little is resolved and problems are systemic across the financial system. Below we discuss the fragilities exposed by the collapse of […]
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Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations
On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday […]
Richmond Fed Survey: ‘Manufacturing Activity Improved Modestly in March’
Manufacturing activity in the central Atlantic region of the United States showed modest improvements in March, according to a survey from the Federal Reserve Bank of Richmond released on Tuesday.
Bill Hagerty: ‘Damning’ That Silicon Valley Bank CEO Was on San Francisco Fed Board the Day Before Failure
Sen. Bill Hagerty (R-TN) said during a Senate Banking Committee hearing on Tuesday that he found it “damning” that the CEO of Silicon Valley Bank was on the San Francisco Federal Reserve board one day before the bank collapsed.
Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks
Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid being affected by bank failures like the collapse of Silicon Valley Bank (SVB). Tim […]
Breitbart Business Digest: Why Banks Were So Vulnerable to the Fed’s Rate Hikes
The run on Silicon Valley Bank was triggered by depositor concerns over losses the bank had suffered due to rising interest rates. Which raises the question: why was the bank so exposed to interest rate risk?
Exclusive – Vivek Ramaswamy: Slash Federal Reserve by 90 Percent, Use Growth to ‘Unleash America’
Republican presidential candidate and entrepreneur Vivek Ramaswamy told Breitbart News in an exclusive interview that slashing the Fed and unleashing growth is the key to getting out of the banking crisis.