See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

It's The Fed That's A Risk To Financial Stability

Posted on AllSides June 8th, 2024
From The Right

It's The Fed That's A Risk To Financial Stability Authored by Alex Pollock via The Mises Institute, Published in The New York Sun: Central bankers whistle ‘Dixie’ as mark-to-market losses dramatically shrink the banking system’s economic capital. Whistling a happy tune, the Federal Reserve vice chairman for supervision, Michael Barr, recently testified to Congress that “overall, the banking system remains sound and resilient.” A more candid view of the risks would be less sanguine. Mr. Barr reported that banking “capital ratios increased throughout 2023.” He failed, though, to discuss the...

Read full story

AllSides Picks

https://zerohedge.com/political/its-fed-thats-risk-financial-stability

More News about Politics from the Left, Center and Right

From the Left

From the Center

From the Right