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Cryptopolitan 2023-03-23 12:41:29

Federal Reserve: We were blindsided by SVB collapse

Federal Reserve Chairman Jerome Powell has admitted that the Federal Reserve was taken by surprise by the sudden collapse of Silicon Valley Bank (SVB), despite the bank being under its supervision. SVB’s failure has caused concerns about other banks facing a similar fate in the face of record-high inflation and lending rates. The bank had … Federal Reserve: We were blindsided by SVB collapse Read More »

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