Banking Turmoil
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Yellen Claims US Achieved a Soft Landing Amidst Banking Turmoil
According to reports, US Treasury Secretary Yellen stated that the internal turmoil in the banking industry last month did not derail the US from achieving a soft landing. She beli
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Federal Reserve Lowers Expectations for Peak Interest Rates Amid Banking Turmoil
According to reports, the minutes of the Federal Reserve meeting show that many Fed officials have lowered their expectations for peak interest rates due to the banking turmoil; Se
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“The Fed’s Microphone”: The Fed faces difficult decisions on raising interest rates
On March 21st, Nick Timiraos, the \”Federal Reserve mouthpiece\”, said that under the current circumstances, the Federal Reserve is facing a difficult decision on whether to raise in
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European Parliament Member Calls for Ban on Cryptocurrencies
Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, reportedly called for a ban on cryptocurrencies in the wake of banking turmoil in a tweet on Friday. Overveldt says there is another lesson to be learned from the current banking turmoil. A strict ban on cryptocurrencies is imposed, and these assets are merely speculative and have no economic or social value. If the government bans drugs, it should also ban cryptocurrencies, as the impact of the failure of the cryptocurrency friendly Silvergate and Silicon Valley banks has spread to the European market, including pushing the stock price of Credit Suisse to historical lows and forcing it to borrow $53 billion from the Swiss National Bank. Former Belgian Finance Minister: Cryptocurrency should be banned Analysis based on this information:The recent banking turmoil has caused Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, to call for a ban on cryptocurrencies. In…
