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Thursday, June 30, 2022

Breitbart Business Digest: Jerome Powell and the Tears of Saint Patrick

While the story of ridding Ireland of serpents will always be Saint Patrick’s best-known achievement, there are countless other miracles attributed to the man. Many of them revolve around wells or springs. In one of the tales, freshly melted winter snow overflowed a brook so badly that it threatened to flood the surrounding village. Saint…

Summers: Can’t Blame Inflation on Pandemic, War, or Gouging, It’s about ‘Managing the Level...

On Friday’s broadcast of ABC’s “GMA3,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers called on the Federal Reserve to raise interest rates and signal that further interest rate increases are coming and argued that the Federal Reserve can’t blame inflation on…

WHITON: Feds Regulate Cryptocurrencies Because They Hate Competition

Big government doesn’t like competition, which is why the ruling class in Washington has set its sights on a new culprit: cryptocurrency. Without even consulting Congress, the Biden administration has ordered federal agencies to draw up regulations for these innovative financial products and their exchanges.Because everything in Washington today must involve obfuscation, the Biden administration…

ANTONI: The Fed Has Once Again Created An Easy Money Addiction, And Withdrawal Starts...

The Federal Reserve (Fed) seems intent on harming its patient, the U.S. economy.On the heels of the highest consumer inflation in four decades, the U.S. Department of Labor’s producer-price index (PPI) shows that inflation is accelerating and the Fed has been downright negligent. The PPI had its second highest increase in the history of the…

Senate Banking Democrat Wavering over Fed Nominee Ahead of Confirmation Vote

Sen. Jon Tester (D-MT) said he has been further reviewing Sarah Bloom Raskin’s potential influence as a former Fed governor to secure a lucrative financial tool for her company. The Senate Banking Committee will hold an executive session Tuesday to vote to advance several Federal Reserve and other financial nominees. Raskin, if confirmed, would become…

Republicans Attack ‘Climate Warrior’ Biden Nominee Who Wants To Reimagine Economy

Republicans on the Senate Banking Committee released a report slamming one of President Joe Biden’s Federal Reserve nominees for her views on reimagining the U.S. financial system.Sarah Bloom Raskin, who Biden has nominated to serve as vice chair for Supervision of the Federal Reserve, would wrongly prioritize climate policies over financial stability, according to the…

Chamber Of Commerce Signals Opposition To Latest Biden Fed Nominee Sarah Bloom Raskin

The largest lobbying group in the U.S. is raising concerns over President Joe Biden’s latest high-profile nominee, according to a letter released Thursday.“Some of Ms. Raskin’s past actions and statements have raised concerns among the U.S. business community and merit the Committee’s scrutiny,” wrote the U.S. Chamber of Commerce to Senate Banking Committee Chair Sherrod…

Fed Chair Jerome Powell Pivots to Inflation Fighting

Federal Reserve Chairman Jerome Powell said Tuesday that the Fed’s target for inflation had been reached and that the Fed would consider accelerating the wind-down of its easy-money policies in light of persistently high inflation. The announcement marks a major pivot for Powell into an inflation-fighting mode. Until Tuesday’s testimony before the Senate Banking Committee,…

‘Seeing It In Their Pocketbook’: Janet Yellen Says Americans Have To Be Concerned About...

November 22, 2021 5:02 PM ET Treasury Secretary Janet Yellen said Monday that Americans have to “be concerned about inflation,” as it had risen to such a level where it burdens the daily lives of people.Yellen, former chair of the Federal Reserve, appeared on Monday’s airing of CNBC’s “Closing Bell,” where she was asked if…

Feds: America’s Elite Now Hold More Wealth than Entire Middle Class

The top one percent of richest Americans now hold more wealth than the entire American middle class, data from the Federal Reserve reveal. The data, published in Bloomberg, show that the middle class — defined as 60 percent of United States households in the middle of all income brackets — has seen its share of…
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