Banking failures put Fed under yet another harsh political spotlight

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The central bank was already under pressure to control inflation, protect the job market, avoid a recession and prevent a repeat of multiple stock-trading scandals.

it was clear “right away” that a review was necessary as officials asked themselves, “How did this happen?” Powell said that the Fed clearly needs to strengthen its supervision of the banking system, and that recommendations would probably come from its investigation.“When a bank fails, there are investigations, and of course we welcome that,” Powell said.

Biden. He was confirmed both times with broad support in the Senate, and so far, people close to the Hill and administration said they don’t expect that support will erode much.could bring more tangible changes to the Fed, Strain said, as lawmakers debate reining the central bank in. This week, Sens.

 

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$5 for a dozen of eggs 🥚 is inflation indicator, you have to increase the products to fix the problem. Some products are not available anymore, no matter how much money you have.

To do all that listed in the headline? Burn the Fed to the ground, stop the gov’t from bailing out elites & the free market will work it all out.

President Biden’s ill-advised provocation of Russia resulting in disturbance of the world oil market, plus Covid, is wreaking economic havoc.

This is dumb. All the banks that are in trouble are in trouble because they did extremely stupid shit for a long time. The free money era is over and the shady banks are folding. That's good. The system is doing just fine.

So the central bank is the culprit and not Biden and Dems causing out of control inflation with their spending/energy policies !!!

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