Tag: Joe Biden

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Interbank market news scan: The jobs report wraps up the Holy Week.

Mr Biden may have missed an opportunity to craft a narrative that emphasizes the importance of getting ahead of the inflationary impact of blocks of emerging economies threatening to transition from the US dollar to resource-backed currencies. These threats have yet to materialize into something definitive and until then the inflationary impact of dumping the US dollar or at least complementing it with other currencies is a way off. Continue reading Interbank market news scan: The jobs report wraps up the Holy Week.

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Unless Elizabeth Warren can persuade Joe Biden to fire Jerome Powell, the Chair is going nowhere …

Senator Elizabeth Warren, Democrat of Massachusetts, lit in, as usual, to Jerome Powell, chairman of the Board of Governors of the Federal Reserve System. Mrs Warren shared today on “Meet the Press” her dissatisfaction with Mr Powell’s handling of bank regulation in the wake of three bank failures: Silvergate Bank, Silicon Valley Bank, and Signature … Continue reading Unless Elizabeth Warren can persuade Joe Biden to fire Jerome Powell, the Chair is going nowhere …

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Interbank Market News Scan: Inflation at 6% and the dollar index takes a hit.

Bankers came to the King and said, “We can help spread your influence and power by distributing your currency; by helping to coin the energy extracted from your subjects while validating these actions by funding your political economy. All we ask in return is to earn a spread on the loans, currency, and currency-denominated products … Continue reading Interbank Market News Scan: Inflation at 6% and the dollar index takes a hit.

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Joe Biden’s reflection on the US economy glosses over banks

So far, the Administration has given me no reason to believe that it has an innovative game plan for managing taxpayers facing a 2023 recession. In particular, as the number of taxpayers see a supply of jobs offered begin falling and/or offered wages start to fall, the Biden administration, if it is to stay politically viable, will have to provide the unemployed with answers, answers the taxpayer may not like. Continue reading Joe Biden’s reflection on the US economy glosses over banks