What the chairman of the Federal Reserve, Jerome Powell, said on Wednesday, January 31, 2024, after the two-day meeting of American policy makers, contained nothing comforting. Notably, he did not cut interest rates, or announce cuts and monetary easing next March – as the market predicted. As a result, markets skidded, the dollar rallied and …
Tag: banking crash
Why is the FED secretly preparing for another banking crash?
It recently became known that the American authorities are preparing a proposal that will push American banks to use the “loophole” of the Federal Reserve Bank of the USA (Federal Reserve, FED) in the event of a new crisis. For whom does the bell toll? It is clear that the FED wants to take its …