A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…
LIVE NOW: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency
April 11, 2023
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Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency
April 11, 2023
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CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
0 Comment
A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…
LIVE 4/11, at 10:30 AM ET: Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency
April 10, 2023
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CBDCChinese YuanCrossroadsdigital currencyDollarEpochTVFeatured TopicsFedLive VideosPolicies & ImpactsUSUS NewsVideo
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A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction…
The Fed Will Keep Tightening
Commentary With the failures of Silicon Valley Bank (SVB) and Signature Bank, much of the financial community seems to think that the Federal Reserve (Fed) will try to ease financial pressures by softening its counter-inflationary policy posture. The Atlanta Fed’s market probability tracker showed a dramatic downward adjustment in people’s expectations of interest rate hikes….
Fed Should Stick to Raising Rates While Labor Market Strong, Bullard Says
The Federal Reserve should stick to raising interest rates to lower inflation while the labor market remains strong, given the high probability recent financial stresses will continue to abate and absent a marked tightening of credit conditions, St. Louis Fed President James Bullard said on Thursday. “We’ve got a long ways to go and I…
Fed’s Mester Says Rate Target Will Need to Go Over 5 Percent
Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that the U.S. central bank likely has more interest rate rises ahead amid signs the recent banking sector troubles have been contained. To keep inflation on a sustained downward path to 2 percent and keep inflation expectations anchored, Mester said she sees monetary policy…
US Banks Lost Nearly $1 Trillion in Deposits Since Recent Peak
Small banks, in particular, are losing deposits to money-market funds at an alarming pace. The month of March 2023 witnessed the fastest withdrawal of funds from commercial banks in U.S. history. According to data released by the Federal Reserve, a staggering $360 billion was withdrawn from banks across the country in the last month alone. To…
Nine Months of Monetary Restraint: What’s Next?
April 3, 2023
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Commentary Faced with the highest inflation in 40 years, the Federal Reserve decided a year ago to adopt a restrictive monetary policy. Although there is widespread agreement monetary policy has turned restrictive, it is less clear just how restrictive monetary policy has been and what effect it will have on the economy and inflation. Measuring…
Fed Was in Talks With Silicon Valley Bank to Use Discount Window Before Collapse
March 30, 2023
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Federal Reserve officials were reportedly in discussions with Silicon Valley Bank (SVB) to use its discount window, right before its collapse earlier this month. The Fed’s top enforcer testified in front of Congress on March 29, as the elected representatives demanded answers for the California-based lender’s collapse. House lawmakers questioned the regulators’ competency and accused…
Fed’s Jefferson: Stress Among Small, Regional Banks, Could Hit Small Businesses Hardest
March 28, 2023
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LEXINGTON, Virginia—The shuffling of deposits from small to large banks could have a disproportionate impact on U.S. small businesses that depend heavily on community and regional financial institutions for credit, Federal Reserve Governor Philip Jefferson said on Monday. “We are focused on the macroeconomy but we are aware … that there are potential distributional aspects,”…
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