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 […]
Tag: Federal Reserve
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.
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth […]
Majority of Economists Expect U.S. Economy Will Fall Into Recession This Year
Two-thirds of economists say they are not confident that the Fed can bring down inflation to two percent without triggering a recession.
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08 for every dollar deposited by customers. Although there […]
Carney on ‘Kudlow’: Janet Yellen Was More Concerned About Climate Change Than Looming Banking Crisis
Treasury Secretary Janet Yellen was more concerned about climate change than the looming risks to our banking system brought on by the rapid rise of interest rates, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.