Commentary For three years, I’ve been amazed at the relative calm in the financial system. It truly did not seem believable to me that governments and central banks could utterly shatter all market functioning and flood the world with paper money and yet there be no structural consequences for the banks. My only question was…
Anatomy of the Banking Crisis of 2023
March 16, 2023
admin
banking crisisBusiness & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesjerome powellOpinionrecessionSilicon Valley BankSilicon Valley Bank CollapseU.S. economyViewpoints
0 Comment
Biden Admin’s Banking Busts
March 15, 2023
admin
banking crisisbidenclimate changeESGFederal Reserveinflationinterest ratesJanet Yellenjerome powellOpinionSignature BankSilicon Valley BankSilicon Valley Bank CollapseSVBU.S. economyViewpointsWashington Mutualwoke
0 Comment
Commentary The failure of three banks in the last two weeks, including Silicon Valley Bank on Friday and Signature Bank on Sunday, is a saga of utter government incompetence. Call these bank collapses Biden administration’s Banking Busts. The Biden administration has been obsessing on woke causes while banks teeter toward insolvency. Three days before Silicon…
The Fed Can’t Give Up the Inflation Fight Yet
March 14, 2023
admin
Business & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesjerome powellOpinionrecessionU.S. economyViewpoints
0 Comment
Commentary Many people in Washington hoped for much better inflation numbers in February. Below zero would have released tears of joy following this rough weekend of bank failures and the first signs of financial instability in these three years of nonstop terrible. Alas, that did not happen. The report came in at a 0.4 percent…
The Fed Is Making Things Ever Worse
March 13, 2023
admin
Business & MarketsBusiness ColumnistsFederal Reserveinflationinterest ratesjerome powellOpinionrecessionSilicon Valley BankSilicon Valley Bank CollapseViewpoints
0 Comment
Commentary Jerome Powell came to power at the Fed with the determination to reverse the astounding errors of his predecessors, most especially Ben Bernanke who received the Nobel Prize for the dumbest central-bank policies since the Weimar Republic. Back in 2008, Bernanke pushed borrowing costs for banks to zero and held them there for years…
Jerome Powell Reassures Lawmakers Federal Reserve Is Not a Climate Policymaker
Federal Reserve Chair Jerome Powell told lawmakers during a congressional hearing that the U.S. central bank is not a climate policymaker, reiterating comments about the Fed’s role in the environment. Powell delivered his semi-annual Monetary Policy Report to the House Financial Services Committee on Tuesday, one day after appearing before the Senate Banking Committee. The…
Bank of Canada Hits Pause, Doesn’t Mention Risk of US Fed’s Further Rate Hikes
News Analysis OTTAWA—As widely expected, the Bank of Canada enacted its pause of interest rate hikes on March 8, but what may be the most compelling reason for the BoC to start raising rates again was not mentioned in its statement. Economists and investors have long said that there are limits on how much monetary…
Fed Raising Interest Rates Higher Than First Thought, Jerome Powell Tells Senate Committee
The Federal Reserve will likely keep raising interest rates higher than officials had first thought, Chair Jerome Powell told lawmakers in Washington. In his first of two appearances on Capitol Hill on Tuesday, Powell cautioned the Senate Banking Committee that the latest string of better-than-expected economic data and a modest reversal in the disinflation trend…
LIVE 9 AM ET: Federal Reserve Chair Jerome Powell Testifies to Senate Banking Committee
March 7, 2023
admin
Banking CommitteecongressEpochTVEpochTV LiveFederal Reservejerome powellLive VideosMonetary Policy ReportPoliticsU.S. SenateUSUS NewsVideo
0 Comment
Jerome H. Powell, chair of the Board of Governors of the Federal Reserve System, testifies at 9 a.m. ET on March 7 to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on “The Semiannual Monetary Policy Report to the Congress.” …
LIVE 10 AM ET: Federal Reserve Chair Jerome Powell Testifies to Senate Banking Committee
March 7, 2023
admin
Banking CommitteecongressEpochTVEpochTV LiveFederal Reservejerome powellLive VideosMonetary Policy ReportPoliticsU.S. SenateUSUS NewsVideo
0 Comment
Jerome H. Powell, chair of the Board of Governors of the Federal Reserve System, testifies at 10 a.m. ET on March 7 to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on “The Semiannual Monetary Policy Report to the Congress.” …
LIVE NOW: Federal Reserve Chair Jerome Powell Testifies to Senate Banking Committee
March 7, 2023
admin
Banking CommitteecongressEpochTVEpochTV LiveFederal Reservejerome powellLive VideosMonetary Policy ReportPoliticsU.S. SenateUSUS NewsVideo
0 Comment
Jerome H. Powell, chair of the Board of Governors of the Federal Reserve System, testifies at 10 a.m. ET on March 7 to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on “The Semiannual Monetary Policy Report to the Congress.” …
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`