by Brian Pillmore | Jun 30, 2023 | Brian's Blog
Schiff argues that the sneaky low-interest rates banks offer on our hard-earned savings and checking accounts, compared to the lofty Fed Funds rate, may be a major culprit. “It’s insolvent and would collapse without government backstops.” But is there more to the...
by Brian Pillmore | Nov 10, 2022 | Banks, News
By: Ken Chase. The Federal Reserve’s November 2022 Financial Stability Report was released on Friday and suggested that the nation’s banks are well-capitalized to manage potential shocks to the U.S. economy. However, the report cited a number of worrying...
by Ken Chase | Jun 22, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 3 minutes As many analysts predicted, the U.S. Federal Reserve ramped up its efforts to rein in persistently high inflation by increasing its benchmark interest rate by 75 basis points on Wednesday, the largest increase in nearly...
by Ken Chase | Jun 13, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes The Senate Banking Committee voted 17-7 on Wednesday afternoon to approve President Joe Biden’s nomination of Michael Barr to serve as the vice chair of banking supervision at the Federal Reserve. The bipartisan vote...
