The Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg; Federal Reserve Board Vice Chairman for Supervision Michael Barr; and Under Secretary of the Treasury for Domestic Finance Nellie Liang testify on the “Recent Bank Failures and the Federal Regulatory Response” in a hybrid hearing by U.S. Senate Bank Committee at 10:00 a.m. ET on March…
LIVE NOW: FDIC, Federal Reserve, and Dept. of Treasury Officials Testify to Senate on Recent Bank Failures
March 28, 2023
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LIVE NOW: Senate Committee Holds Hearing on Silicon Valley Bank Collapse
March 28, 2023
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The Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg; Federal Reserve Board Vice Chairman for Supervision Michael Barr; and Under Secretary of the Treasury for Domestic Finance Nellie Liang testify on the “Recent Bank Failures and the Federal Regulatory Response” in a hybrid hearing by U.S. Senate Bank Committee at 10:00 a.m. ET on March…
Trump Says He Would Not Have Supported SVB Bailout, Brands Fed Chair ‘Too Interest Rate Happy’
March 28, 2023
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Former president Donald Trump has criticized Federal Reserve chair Jerome Powell for being “too interest rate happy” while taking aim at the government-aided bailout of Silicon Valley Bank (SVB). In an interview with Fox News host Sean Hannity that aired on Monday, Trump was asked whether he would have supported the bailout of SVB after it…
The Bank Meltdown Has Just Begun
March 27, 2023
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Commentary Elite overseers of the U.S. banking system spent the better part of the week assuring us that all is well with it. You just have to trust them. They know. And we all know how much we can trust our overlords to tell us the truth, right? Such a wonderful track record of at…
Fed’s Bullard Calls for Higher Rates as Balance Sheet Jumps $100 Billion, Depositors Pull Funds From Banks
March 24, 2023
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The Federal Reserve must keep raising interest rates in its inflation fight as the U.S. banking turmoil will subside, says St. Louis Fed Bank President James Bullard. Speaking to the Greater St. Louis Inc. community organization on Friday, Bullard explained that the central bank must lift the benchmark fed funds rate (FFR) higher than previously…
Can the CBDC Be Stopped?
March 24, 2023
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Commentary In the year 1900, following two decades of debate about the future of American money, L. Frank Baum wrote “The Wonderful Wizard of Oz,” which served as the template for the greatest of all American movies. The story is about much more than it seems. Beneath the surface, it is an attack on ruling-class…
Silicon Valley Bank and the Soft Pivot of Our Weak-Kneed Fed
March 23, 2023
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Commentary Old habits die hard for the folks over at the Federal Reserve, who immediately rung in the 2023 financial crisis with what will in due time be recalled as the fifth round of quantitative easing, the Fed’s preferred term for monetary expansion. It’s now apparent that the Fed currently finds itself between a proverbial…
LIVE NOW: NTD Evening News (March 22): Trump Indictment Vote Delayed, Grand Jury Meeting Canceled; Fed Hikes Rate Again Despite Bank Failures
A potential indictment of former President Donald Trump was delayed on March 22 after the grand jury in New York investigating the Stormy Daniels hush money case was reportedly told not to meet and to be on standby for Thursday. The reason for the adjournment is unclear. Meanwhile, Republican lawmakers gave their reactions to the…
NTD Evening News (March 22): Trump Indictment Vote Delayed, Grand Jury Meeting Canceled; Fed Hikes Rate Again Despite Bank Failures
A potential indictment of former President Donald Trump was delayed on March 22 after the grand jury in New York investigating the Stormy Daniels hush money case was reportedly told not to meet and to be on standby for Thursday. The reason for the adjournment is unclear. Meanwhile, Republican lawmakers gave their reactions to the…
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Should You Be Bullish on Gold?
During current market volatility, what is a good place to park your money? An investor tells us that gold futures have a lot of upside potential. Brien Lundin, editor of Gold Newsletter and CEO of the New Orleans Investment Conference, says that gold both preserves value and can earn a profit. His outlook is positive for…