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Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher RegulationsOn Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday […]

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Federal Reserve Officials Say More Interest Rate Hikes Are Needed to Curb Inflation

Federal Reserve Officials Say More Interest Rate Hikes Are Needed to Curb InflationSeveral Federal Reserve governors and presidents say that more interest rate hikes are needed to curb inflation. “We are not done yet with raising interest rates,” Fed Governor Lisa Cook said. “We need to raise rates aggressively to put a ceiling on inflation,” Minneapolis Federal Reserve President Neel Kashkari stressed. Fed Officials on Raising Interest […]

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