Majority of Economists Expect U.S. Economy Will Fall Into Recession This Year
Two-thirds of economists say they are not confident that the Fed can bring down inflation to two percent without triggering a recession.
Federal Reserve - Page 5
Carney on ‘Kudlow’: Janet Yellen Was More Concerned About Climate Change Than Looming Banking Crisis
Treasury Secretary Janet Yellen was more concerned about climate change than the looming risks to our banking system brought on by the rapid rise of interest rates, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Breitbart Business Digest: Markets Are Back to Fighting the Fed
The market’s conviction that the Federal Reserve is done raising rates and will quickly pivot to cutting became even more extreme at the end of this week.
Breitbart Business Digest: The Fed Is Forecasting a Contraction
The Federal Reserve appears to expect economic growth to come crashing to an abrupt halt later this year.
Federal Reserve Loans Climb to $354 Billion as Banks Scramble for Liquidity, Highest Since 2008
Borrowing from the Fed is at a level not seen since the 2008 financial crisis.
Jobless Claims Fall to 191,000
Economists had forecast a rise in claims to 197,000.
CNN: Fed Scrubbed Line on Inflation Easing, Recent Numbers Look Worse
On Wednesday’s broadcast of “CNN Newsroom,” CNN Business Reporter Matt Egan stated that the Federal Reserve has gotten “more pessimistic” on inflation and CNN Economics and Political Commentator, Washington Post columnist, and PBS Special Correspondent Catherine Rampell said that the change in the
CNN’s Quest: ‘More Banks Are Going to Go out of Business’ — They’re ‘Stuffed’ with Bonds
On Wednesday’s broadcast of CNN International’s “One World,” CNN host, International Business Correspondent, and CNN Business Editor-at-Large Richard Quest stated that the Federal Reserve’s interest rate hike will make things “worse” for banks because “all the banks are stuffed to
Harvard Prof., Fmr. IMF Economist Rogoff: Fed Will ‘Leave Inflation Higher for Longer’ Due to Bank Fears
On Wednesday’s broadcast of “PBS NewsHour,” Harvard University Economics Professor and former Chief Economist at the International Monetary Fund Ken Rogoff predicted that the Federal Reserve will “leave inflation higher for longer” due to fear of endangering the banking sector despite
Summers: SVB CEO Shouldn’t Have Been on SF Fed Board
On Wednesday’s broadcast of CNN’s “Situation Room,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that the failure of Silicon Valley Bank “was a failure
Summers: Fed Right to Show ‘Enormous Uncertainty’ About Banking System
On Wednesday’s broadcast of CNN’s “Situation Room,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that the Federal Reserve’s decision on rate hikes was a
Fed Chair Jerome Powell Says Inflation Remains ‘Too High,’ Has a ‘Likely Bumpy’ and ‘Long Way’ to Go Down
Federal Reserve Chairman Jerome Powell said on Wednesday that inflation remains “too high” and has a “likely bumpy” and “long way” to go until it reaches the intended two percent, where the Fed would like it to be.
Republican Rick Scott, Democrat Elizabeth Warren Unveil Federal Reserve Oversight Bill
Sens. Rick Scott (R-FL) and Elizabeth Warren (D-MA) unveiled bipartisan legislation to boost oversight of the Federal Reserve amid two bank failures.
Jerome Powell: Fed Will Use ‘All of Our Tools’ to Keep Banking System Safe
Federal Reserve Chair Jerome Powell said during Wednesday’s press conference that the Fed would use “all of our tools” to keep the banking system safe in the wake of the Silicon Valley Bank (SVB) collapse earlier this month.
The Federal Reserve Increases Interest Rates amid Banking Crises
The Federal Reserve continued to increase interest rates by quarter of percent (25 basis points) on Wednesday, a decision subject to speculation by financial experts, as the central bank weighed reducing soaring inflation and the stability of the banking system.
Report: Loans to Silicon Valley Bank Insiders Tripled to Record High as Collapse Loomed
Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed.
Moody’s Chief Economist: ‘Inflation Is Still High’ So Problems Like Banking Issues Will Continue for ‘Next 12-18 Months’
During an interview with CBS News on Tuesday, Moody’s Analytics Chief Economist Mark Zandi stated that the problems in the banking industry are the inevitable result of rate hikes by the Federal Reserve where “things are going to start to wobble and break and it’s going to feel uncomfortable.”
Silicon Valley Bank Employees Think Remote Work Contributed to Collapse
In the aftermath of the collapse of Silicon Valley Bank (SVB), the 16th biggest bank in the country, many are left wondering what went wrong. Both current and former employees have stated that the bank’s support of remote work is a contributing factor.
House Freedom Caucus Opposes Bank Bailouts
The House Freedom Caucus said in a statement on Monday that they oppose bailing out the banking industry for what should be considered a failure of regulators not to see the coming crisis.
Elizabeth Warren: Fed Chair Powell ‘Took a Flamethrower’ to Bank Regulations
Senator Elizabeth Warren (D-MA) said Sunday on NBC’s “Meet the Press” that Federal Reserve Chair Jerome Powell “took a flamethrower to the regulations” on banks.
Harvard Prof., Fmr. IMF Economist Rogoff: San Fran Fed Didn’t Know About SVB’s Problems, But Likely Knew ‘Their Carbon Footprint’
On Friday’s broadcast of CNN International’s “First Move,” Harvard University Economics Professor and former Chief Economist at the International Monetary Fund Ken Rogoff wondered how the San Francisco Federal Reserve didn’t know about the problems inside Silicon Valley Bank and
Breitbart Business Digest: Banks Rush to the Fed for Liquidity
As of March 15, the level of borrowings from the Federal Reserve’s liquidity and credit facilities had risen nearly 2,000 percent from the prior week.
Philly Fed Manufacturing Survey Remains Deeply Depressed, in Contraction for Seventh Straight Months
Manufacturing activity in the Philadelphia area declined again in March, the Federal Reserve Bank of Philadelphia said on Thursday.
Goldman Sachs: Likelihood of U.S. Recession Increases to 35% on Bank Stress
The chances of the United States falling into a recession in the next 12 months have increased to 35 percent because of the “near-term uncertainty around the economic effects of small bank stress,” Goldman Sachs warned Thursday.
Fmr. Obama Treasury Official Rattner: February CPI ‘Not a Good Thing’ for Getting Inflation to Goal, ‘What the Fed Really Looks at’ ‘Is Rising’
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that the core services inflation metric that the Federal Reserve “really looks at” is “rising and that is not
Breitbart Business Digest: The Fed Is Not Done Hiking Rates
It seems very unlikely that the Federal Reserve will end its rate hike cycle.
Harvard Prof., Fmr. IMF Economist Rogoff: ‘There Will Probably Be More Accidents’ as Fed Raises Rates to Fight ‘Deeply Embedded’ Inflation
On Tuesday’s broadcast of CNN International’s “One World,” Harvard University Economics Professor and former International Monetary Fund Chief Economist Ken Rogoff argued that “inflation’s deeply embedded in the rest of the economy.” And the Federal Reserve will have to keep
Moody’s Chief Economist: ‘Hot’ Inflation Data Demands Rate Hike, But We Have to Pause to Avoid Stressing Banks
On Tuesday’s broadcast of CNN International’s “First Move,” Moody’s Analytics Chief Economist Mark Zandi stated that the February inflation report does justify a hike in interest rates because inflation is “still a little on the hot side.” But, given the
Fmr. Obama Treasury Official: ‘Large Corporations’ Who Banked with SVB Getting a Taxpayer ‘Bailout’ After Fed Failed to Oversee SVB
On Monday’s “CNN Newsroom,” Deputy Assistant Secretary for Economic Policy at the Department of Treasury during the Obama administration and Brookings Institution Senior Fellow Aaron Klein stated that there were bailouts of the depositors of Silicon Valley Bank (SVB) and
Federal Reserve to Conduct Review of Silicon Valley Bank Failure
The Federal Reserve on Monday announced plans to conduct an internal review of the oversight of Silicon Valley Bank (SVB) after the bank’s abrupt failure last week.
Carney on ‘Kudlow’: ‘We Could Be on Tenterhooks All Week’ to See if Other Banks Collapse
“We could be on tenterhooks all week waiting to see who else is getting taken out,” Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Carney on ‘Kudlow’: A Bailout Could Deepen Panic
Breitbart Economics Editor John Carney said in an interview on Saturday on Larry Kudlow’s eponymously named radio show that a government bailout of the collapsed Silicon Valley Bank could deepen the panic.
Joe Biden Takes Credit for Creating Lending Invention to Backstop Banks After Meltdown
President Joe Biden on Sunday took credit for creating a new lending mechanism to backstop banks after the banking meltdown over the weekend in which two banks collapsed due in part to increased interest rates meant to tamp down Biden’s soaring inflation.
Fed, Treasury, and FDIC Announce Actions to Backstop Banks After Silicon Valley Meltdown
The U.S. government on Sunday sought to affirm confidence in the U.S. banking system by announcing protection for all depositors in Silicon Valley Bank. Treasury Secretary Janet Yellen approved measures to resolve the failure of Silicon Valley Bank “in a
Summers: There’s Not Much ‘Evidence of a Basic Downwards Trend in Inflation’ and Fed ‘Has Considerably More Work to Do’
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that “we don’t have a
Carney on ‘Kudlow’: Silicon Valley Bank’s Failure Signals the End of the ‘Cheap Money Ecosystem’ Fueling CA Tech Start-Ups
The “cheap money ecosystem” that fed the tech start-up culture has come to an end with the Federal Reserve raising interest rates to curb inflation, and the failure of Silicon Valley Bank might be the first domino to fall among California-based financial institutions, Breitbart Economics Editor John Carney said in an interview Friday with Fox Business host Larry Kudlow.
Chris Whalen: Collapse of Silicon Valley Bank ‘Goes to the Feet of Jerome Powell’ and Federal Reserve
Chris Whalen, chairman of Whalen Global Advisors, blamed Federal Reserve Chair Jerome Powell for the failure of Silicon Valley Bank (SVP) in a Friday interview on Forward Guidance with host Jack Farley.
Breitbart Business Digest: The Odds of a Bigger Rate Hike Are Growing
The market’s expectations for the rate hike coming out of the March meeting of the Federal Open Market Committee (FOMC) moved violently on Tuesday as the Fed chief testified before the Senate Banking Committee.
Sen. Bob Menendez: Biden Has Chosen Not to Appoint Latinos to the Fed
Sen. Bob Menendez (D-NJ) used a Senate Banking Committee hearing with Federal Reserve Chair Jerome Powell to excoriate President Joe Biden for not appointing more Latinos to the Federal Reserve board.
Fed Chair Powell Says Rates Headed to Higher Peak, Maybe at Faster Pace
Hotter than expected data has forced the Fed to rethink the pace and peak of interest rates.
