One of the biggest unknowns since the Federal Reserve started its historic rate-hiking campaign has been how many jobs could be lost from the central bank’s deliberate effort to slow down the US economy. So far, the labor market has stayed white hot, with unemployment hovering at a half-century low.
On Wednesday, Warren reiterated some of her concerns, saying Powell’s actions present a “danger” to the economy. Powell has frequently countered that persistently high inflation remains a far more dangerous prospect. “The costs of bringing it down, there are real costs to bring it down to 2%,” he said Wednesday. “But the costs of failing are much higher.” A new wild card Then there’s also the scenario that the Fed could get an assist from an unlikely bedfellow — the banking crisis.
JoeBiden will blame realDonaldTrump in 3… 2…1
World News reported Germany's largest lender, Deutsche Bank's shares fell by 15% in one day. Chancellor Olaf Scholz said, 'Deutsche Bank has fundamentally modernized and reorganized its business model and is a very profitable bank.' He added,'There is no reason to be concerned.'
Your government and the wealthy/corporate/billionaire class it serves needs you to be jobless to cool off the economy so obscenely wealthy people don’t suffer during the economic crash. NoWarButClassWar
I’m thankful everyday that the owners of my restaurant aren’t woke
Damn.. cnn is really rooting for this 'bank collapse'.
POV: Justin Sun after spending some years in prison memely memelyxyz
Yet again, average Americans are held hostage by politicians who don't have our interests at heart. Nobody who cared about the working class would be permitted near the halls of power
Capitalism is a failed system
It means the system is broken and workers should stop paying the price for the failures of those at the top.
Biden and the Dems are in charge, so America falls apart.
So now it’s a banking crises? Wow full on conservative talking points
While in Germany many people still say there is no crisis, this year is getting better and better.🙄
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Why some lawmakers want to raise the FDIC insurance limit for your savings | CNN BusinessBefore the recent collapse of Silicon Valley Bank and Signature Bank, most Americans were not worried about insurance limits on banks, since almost all US banks are backed by the FDIC. But now there’s growing support for raising that insurance cap. Dodd Frank protections need to be reinstated now ! The raise from 50 billion to 250 billion was stupid and possibly premeditated by banks to commit crimes ! Remember why this happened? JOE BIDEN! Why should this limit be arbitrarily raised? If you want life insurance, you need to pay for it. If you want twice as much coverage, you must pay even more. Why should bank customers have their money insured but not have to pay for it? Why should tax payers have to pay for…
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