Truthout
Federal Reserve
Fed Reserve Rate Hikes May Set Stage for Financial Crises in Global South
Monetary policy to control inflation in the U.S. has significant impacts on poor and indebted nations.
Why Is the Fed Seeking Advice From the Architect of Past Financial Meltdowns?
Fed Chair Jerome Powell has been looking to disaster-prone ex-Treasury head Larry Summers for insight, emails reveal.
Regulation Won’t End Bank Crises. We Must Put Shadow Banks Under Public Control.
Regulations designed by banks to shield their interests will never be enough to halt banking crises, an economist warns.
Amid New Banking Crisis, It’s Time to Change the Rules of the Game
Banks have shown time and again that "self-regulation" doesn't work. We must seriously consider the alternatives.
Sanders Introduces Bill to Stop Bank CEOs From Serving as Fed Bank Regulators
The CEO of Silicon Valley Bank was a member of the San Francisco Fed board up until the day his bank collapsed.
Three Banks Have Now Collapsed. A Progressive Economist Explains Why.
There is a banking crisis underway and the problems are spreading, says Gerald Epstein.
Warren Says Trump-Picked Jerome Powell Has “Failed” as Chair of Federal Reserve
“He has had two jobs. One is to deal with monetary policy. One is to deal with regulation. He has failed at both.”
Warren: Jerome Powell Should Recuse Himself From Bank Probe for Role in Failure
The Silicon Valley Bank failure was caused in part by deregulation pushed by Powell, Warren says.
Following Bank Collapses, Sanders Calls for Repeal of Trump-Era Deregulation
We can’t pursue more socialism for the rich and “rugged individualism” for everyone else, Sanders said.
US Multimillionaires’ Wages Rose in 2021, While Bottom 90 Percent Got Pay Cut
The bottom 90 percent got a wage cut in 2021, but the top 0.1 percent got a wage raise of 18.5 percent.