"Banks Fail as Recession Concerns Grow with Fed's 10th Interest Rate Hike: A Description of Failure"

WASHINGTON, D.C. – Interest rates went up a quarter point on Wednesday, but the Federal Reserve is signaling going forward they may pause rate hikes after their streak of 10 in a row. "Our future policy actions will depend on how events unfold," declared Federal Reserve Chairman Jerome Powell. The Fed hopes their string of rate hikes will help bring down inflation, but now they'll step back and assess if it's time to pause the rate hikes amid growing concerns. Powell said they'll be monitoring factors like the recent bank failures to see if it's time to cool the rate hikes, but he expressed confidence in the system. Download the free CBN News App: SUBSCRIBE to the CBN News Channel for more: SUBSCRIBE to the QuickStart Newsletter by visiting quickstart.news SUBSCRIBE to the Quickstart Podcast. New episodes every morning at 7am: cbn.com/cbnnews/quickstart What's coming up next? Have a look at our program guide: CBN features 24-hour TV news from a Christian perspective. The CBN News Channel provides independent news programming to an underserved audience to enlighten, entertain and inspire Christians around the world. Comments below do not necessarily reflect the views of CBN. Share this live feed with your friends and family: Like us on Facebook: Like us on Twitter: Follow us on Instagram: Contact News Editors: Questions about other CBN programs: Questions about supporting CBN? (and) Questions about Helping the Home Front? Call: 800-700-7000 #breakingnews #politicalnews #christiannews #christian #christianity #church #breakingnews #cbnnews...(read more)

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The US Federal Reserve recently announced its 10th interest rate hike in three years, despite mounting concerns of a possible recession and continued failures of banks. This decision has led many to criticize the Fed and its policies. The reasons for the Fed's decision to increase interest rates are unclear, as there seems to be little evidence that the economy is improving. In fact, there are several indicators that suggest the opposite is true. For one, there has been a significant decline in housing starts, which is a key factor in the economy. Additionally, there has been a rise in consumer debt and a decline in savings rates. Perhaps more importantly, there have been several recent failures of banks, which have been attributed to the Fed's policies. In June of this year, two large banks failed in a single week, a sign that the Fed's regulations and oversight are not working. This follows a number of other high-profile bank failures over the past few years. The Fed's interest rate hikes are seen by many as a way to keep inflation in check, but they may be having negative consequences for the broader economy. In particular, higher interest rates can lead to slower economic growth and job creation, which could potentially lead to a recession. This is a possibility that many economists are now warning about. There are also concerns that the current low interest rate environment is having a negative impact on retirees and savers, who are earning less from their savings than they were just a few years ago. This is especially problematic for those who are living off of their savings, as they may no longer be able to do so if interest rates remain low. Given these concerns, it is perhaps not surprising that there is growing dissatisfaction with the Federal Reserve and its policies. Many are calling for reforms to the Fed, including changes to its regulations and oversight of banks, as well as its approach to inflation and interest rates. It remains to be seen whether the Fed will take these concerns seriously and make changes to address them. However, it is clear that the current situation is unsustainable, and that a more thoughtful and proactive approach is needed to ensure the continued health of the US economy and its citizens. It is time for the Fed to step up and take action to address the challenges facing the economy, before it is too late. https://inflationprotection.org/banks-fail-as-recession-concerns-grow-with-feds-10th-interest-rate-hike-a-description-of-failure/?feed_id=98589&_unique_id=646532ec57f57 #Inflation #Retirement #GoldIRA #Wealth #Investing #16 #6326749747112 #bank #borrowing #cbn #CBNNews #cbnnews #cbnnewsyoutube #christiannews #christianstories #ChristianTV #collapses #congressional #consumers #Credit #EXPENSIVE #Faith #faithnews #faithstories #federal #federalreserve #fight #high #HIGHEST #hikes #inflation #inspirationalstories #interest #interestrates #internationalnews #limit #news #newstoday #newsblock #newsblockclip #quicknews #quickstartpodcast #raising #Rate #reserve #tighter #todaysheadlines #usnews #washington #years #BankFailures #16 #6326749747112 #bank #borrowing #cbn #CBNNews #cbnnews #cbnnewsyoutube #christiannews #christianstories #ChristianTV #collapses #congressional #consumers #Credit #EXPENSIVE #Faith #faithnews #faithstories #federal #federalreserve #fight #high #HIGHEST #hikes #inflation #inspirationalstories #interest #interestrates #internationalnews #limit #news #newstoday #newsblock #newsblockclip #quicknews #quickstartpodcast #raising #Rate #reserve #tighter #todaysheadlines #usnews #washington #years