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Small regional banks like the 3 that failed last year and you...

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AlCp

26,594 Posts.

1724

13/03/24

12:54

Post #: 72864128
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Originally posted by kacy ↑

Democrat Senator Sherrod Brown, chairman of the Senate Banking Committee, on Thursday suggested Powell move quickly to cut rates.

"Powell strongly signaled that the 2% inflation target isn't going anywhere.He mentioned it seven different times within the span of his five-minute-long opening remarks before lawmakers on both Wednesday and Thursday."

Powell reinforced his belief that "it wouldn't be a problem for the US to achieve the 2% level in the months ahead".

Yeah! and we should combine that with Powell's other belief that "there will definitely will be bank failures". . .

https://finance.yahoo.com/news/the-...-of-growing-liberal-discontent-123104995.html

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Small regional banks like the 3 that failed last year and you downrampers were saying it's the start of the GFC lol.

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