Tag Archives Federal Reserve

Silicon Valley Bank Collapses As Regulators Seized Control

The closure of Silicon Valley Bank, the 16th largest U.S. bank marks the second-largest bank failure in history

Silicon Valley Bank collapsed Friday with financial regulators rushing in to seize control over the tech-focused lender’s assets and liabilities following a frenetic week that saw an unsuccessful attempt to raise capital triggering a depositor exodus.

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 Biden Says He Bears No Responsibility For Rising Inflation

President Biden claims that he inherited high inflation & refuses to take the blame despite inflation only being 1.4% when he entered office and ascending to a 40-year high of 9.1% in June 2022.

President Biden refused to take any responsibility for the high levels of inflation, claiming the elevated prices were a problem he inherited from his predecessor and that he is not to one to blame for the ongoing inflation crisis hitting Americans under his watch.

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U.S. Economy Adds Jaw-Dropping 517K Jobs In January; Crushing Expectations

January Unexpected Jobs Report Snapped a 5-Month String of Slowing Employment Growth

The U.S. economy added over half a million jobs in January, blowing expectations out of the water in the first month of the year — revealing that the labor market continues to remain strong despite the Federal Reserve’s aggressive monetary tightening in its fight to tame inflation.

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