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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.🙄
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNN's Quest: 'More Banks Are Going to Go out of Business' -- They're 'Stuffed' with Bonds“More banks are going to go out of business. More state and regional banks in the United States will need to be resolved — to use the technical phrase — they’ll be taken over, they’ll be wound up, they’ll be taken into ownership, all sorts of things.” Seeing CNN, 'One World' and Banks Collapsing in the same paragraph makes me think, 'this is their plan to centrally control the money' (and us) via a digital global currency.... Break the banks, bring in the globalist tyrants. Banks fail when democrats are in charge so the CEOs can get their bailouts. Free money opportunities.
Source: BreitbartNews - 🏆 610. / 51 Read more »
What the banking crisis means for mortgage rates | CNN BusinessMortgage rates have taken would-be buyers on a ride this year — and it's only March. Good Life truly was better under Trump THANKS BIDEN
Source: CNN - 🏆 4. / 95 Read more »
Job-listing company Indeed to lay off 2,200 employees | CNN BusinessJob listing website Indeed will cut approximately 2,200 employees, representing almost 15% of its total workforce, the company announced Is this an irony? The irony
Source: CNN - 🏆 4. / 95 Read more »
Judge may force Rupert Murdoch to testify in Dominion defamation case | CNN BusinessThe judge in Dominion Voting Systems' defamation case against Fox News signaled his interest Wednesday in the duty executives like Rupert Murdoch might have to stop known liars from going on-air, and suggested he might force Murdoch to testify. Pretty much all news stations would go broke. Including this one. Fox not telling the whole truth. Impossible . What did cnn have to say about the Russia Collision Delusion?
Source: CNN - 🏆 4. / 95 Read more »
Elizabeth Warren: Jerome Powell's 'very bad job' risks pushing economy into recession | CNN BusinessSen. Elizabeth Warren (D-MA) joins CNN's JakeTapper to discuss the Federal Reserve's decision to raise interest rates as it attempts to fight inflation. Watch the interview: jaketapper I’m tired of her. That’s all. jaketapper When a politician plays arsonist and fire fighter it's a bad look. jaketapper Discuss this 👇👇👇👇👇👇👇👇👇
Source: CNN - 🏆 4. / 95 Read more »
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…
Source: CNN - 🏆 4. / 95 Read more »