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Morici claims that the Treasury and Federal Reserve are being run by inexperienced individuals as evidenced by bank failures.


Former International Trade Commission Chief Peter Morici joined 'Fox & Friends First' to discuss the fallout over the bank failures and what the Fed should do moving forward. #FoxNews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number one network in cable, FNC has been the most-watched television news channel for 18 consecutive years. According to a 2020 Brand Keys Consumer Loyalty Engagement Index report, FOX News is the top brand in the country for morning and evening news coverage. A 2019 Suffolk University poll named FOX News as the most trusted source for television news or commentary, while a 2019 Brand Keys Emotion Engagement Analysis survey found that FOX News was the most trusted cable news brand. A 2017 Gallup/Knight Foundation survey also found that among Americans who could name an objective news source, FOX News was the top-cited outlet. Owned by FOX Corporation, FNC is available in nearly 90 million homes and dominates the cable news landscape, routinely notching the top ten programs in the genre. Watch full episodes of your favorite shows The Five: Special Report with Bret Baier: Fox News Primetime: Tucker Carlson Tonight: Hannity: The Ingraham Angle: Fox News @ Night: Follow Fox News on Facebook: Follow Fox News on Twitter: Follow Fox News on Instagram: ...(read more)


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The recent spate of bank failures in the United States is a clear sign that "amateurs" are running both the Treasury and the Federal Reserve, according to economist Peter Morici. Morici, who is a professor at the University of Maryland's Robert H. Smith School of Business, argues that the failures are a "damning indictment" of the policies of both institutions. "Investors have lost faith in the stability of banks and the banking system," Morici wrote in a recent op-ed for Fox News. "This is not some rare, isolated event. It's a sign of a much deeper problem, one that has been brewing for years." According to Morici, one of the key issues is that both the Treasury and the Federal Reserve have been too slow to act in response to the COVID-19 pandemic, which has caused widespread economic disruption and put many businesses and individuals at risk of defaulting on their loans. "Instead of taking bold action to shore up the banking system, the Treasury and the Fed have dithered, issuing conflicting policy directives and confusing investors and markets," Morici wrote. Morici also argued that the institutions have failed to adequately regulate the banking industry, allowing risky practices to go unchecked and putting the entire system at risk. "Bank failures are a symptom of a larger problem: a lack of effective regulation and oversight," he wrote. "Unless we address these issues, we will continue to see a wave of bank failures that will only further undermine the stability of the financial system and harm the broader economy." Morici's concerns are shared by many experts who believe that the current economic situation in the US is unsustainable and that more needs to be done to support struggling businesses and individuals. As the COVID-19 pandemic continues to ravage the country, many are calling on the Treasury and the Federal Reserve to take decisive action to shore up the banking system and prevent further failures from occurring. Only time will tell whether these calls will be heeded and whether the US can avoid a full-blown financial crisis. https://inflationprotection.org/morici-claims-that-the-treasury-and-federal-reserve-are-being-run-by-inexperienced-individuals-as-evidenced-by-bank-failures/?feed_id=88936&_unique_id=643e302c2c1bd #Inflation #Retirement #GoldIRA #Wealth #Investing #bankfailure #bankfailure2023 #bankfailuresiliconvalley #federalreserve #federalreserveexplained #federalreserveinterestratehike #federalreservesvb #foxfriendsfirst #FoxNews #FoxNewsChannel #foxnewsmedia #foxnewsnetwork #inflation #interestrates #investment #petermoricieconomist #SignatureBank #signaturebankclosed #signaturebankcollapse #signaturebankfailure #siliconvalleybankcollapse #siliconvalleybankcrash #svb #BankFailures #bankfailure #bankfailure2023 #bankfailuresiliconvalley #federalreserve #federalreserveexplained #federalreserveinterestratehike #federalreservesvb #foxfriendsfirst #FoxNews #FoxNewsChannel #foxnewsmedia #foxnewsnetwork #inflation #interestrates #investment #petermoricieconomist #SignatureBank #signaturebankclosed #signaturebankcollapse #signaturebankfailure #siliconvalleybankcollapse #siliconvalleybankcrash #svb
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