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Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
Published: Friday, May 19th, 2023 @ 12:35 pm
By: Daily Wire
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PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
Published: Monday, May 8th, 2023 @ 11:21 am
By: Daily Wire
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Sen. Elizabeth Warren (D-MA) and Sen. Tina Smith (D-NM) asked the Federal Reserve to examine the banking system’s exposure to cryptocurrencies amid continued fallout from defunct company FTX.
Published: Saturday, December 24th, 2022 @ 7:55 am
By: Daily Wire
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The Federal Reserve announced on Thursday that the American banking system is projected to be able to weather the next recession.
Published: Tuesday, July 5th, 2022 @ 4:46 pm
By: Daily Wire
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Today, President Donald J. Trump nominated Jerome H. Powell of Maryland to be Chairman of the Board of Governors of the Federal Reserve System for a term of four years beginning February 3, 2018.
Published: Wednesday, November 8th, 2017 @ 5:52 pm
By: Stan Deatherage
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