Banks
Federal Reserve Chair Jerome Powell Says U.S. Government Looking into Own Digital Currency
Federal Reserve Chair Jerome Powell said Thursday that the government is exploring the possibility of issuing a new type of digital currency amid the rise of cryptocurrencies. Powell said that the Federal Reserve would be publishing a discussion paper sometime during the summer of 2021 that would focus on the possible creation of a central…
Read MorePowell Says Recession ‘Certainly a Possibility’ as Fed Is Determined to Hike Rates to Tame Inflation
Federal Reserve Chair Jerome Powell testified in Congress on June 22 that the central bank remains determined to keep hiking interest rates high enough to cool the red-hot inflation, acknowledging that recession is “certainly a possibility” but insisting the American economy is robust enough to withstand tighter financial conditions. With decades-high inflation running “well above” the Fed’s longer-run target…
Read MoreDimon Warns of US Economic ‘Hurricane’
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., described the challenges facing the U.S. economy akin to an “hurricane” down the road and urged the Federal Reserve to take forceful measures to avoid tipping the world’s biggest economy into a recession. Dimon’s comments come a day after President Jo Biden met…
Read MoreChina’s Digital Yuan Reported To Be Ultimate Financial Censorship Tool
In a new report released yesterday by the Center for a New American Security (CNAS), evidence of a 2018 PowerPoint presentation in China indicates what many may already have suspected – central bank digital currency is being designed to allow for surveillance of all financial transactions throughout its society. “By eliminating some of the previous…
Read MoreTucker Carlson Tonight’ host exposes what caused inflation to hit a 39-year high
Watch Tucker Carlson from Fox News discuss the economics of inflation and how we Americans are getting poorer. “But there is one core economic fact that everybody, even those of us with poor math skills, grasps instantly, and that’s when we’re getting poorer. How do you know when you’re getting poor? You know you’re getting…
Read More