Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023.
Kevin Lamarque | Reuters
The failures of Silicon Valley Bank and Signature Bank in less than a week have rattled financial markets and injected a new dose of uncertainty into an already volatile global economy, while calling into question the Federal Reserve’s aggressive interest-rate-hike strategy. We share investors’ unease, but it’s also becoming increasingly clear that inflation will continue to decelerate in the coming months — potentially allowing the Fed to slow rate rises and give the nascent bull market a chance to soar.
Free America Network Articles
Tue Mar 14 , 2023
Credit Suisse recently saw its stock drop to a record-low price level. The bank reported Tuesday that “certain material weaknesses in our internal controls over financial reporting” had been detected, leading management to describe those controls as “not effective” for 2021 and 2022. The original publication date for the 2022 […]