Banks At Risk Of Failure: Federal Reserve Chairman Jerome Powell Testified "There Will Be Bank Failures"
Will the Fed move to impose a CBDC/Central Bank Digital Currency/Digital Dollar when many banks collapse? Would it respond to such a calamity by printing more money and risking hyperinflation?
Mark 13:13 (KJV)
13 And ye shall be hated of all men for my name's sake: but he that shall endure unto the end, the same shall be saved.
Federal Reserve Chairman Jerome Powell Tells Us During His Testimony Before Congress on March 7, 2024, That “There Will Be Bank Failures”
Watch this short video clip of his testimony here:
This video was clipped from this longer video by Morris Invest.1
Not only does Chairman Powell say, “[t]here will be bank failures,” but he says that “this is a problem that we will be working on for ‘years more.’”
For the full text of Federal Reserve Chair Jerome Powell's prepared remarks to Congress on March 6 and 7, 2024, you can find them here and here. The videos of his testimony can be found here and here
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