Rise to the Moment of Truth Friday, April 19, 2024

Tag: FEDERAL RESERVE

Digital Currency Alabama News
Economist: Central Bank Digital Currencies are a ‘power play’ for the Federal Reserve, federal government — Here’s how Alabama can push back

The popularity of digital currencies like Bitcoin has skyrocketed over the past decade. CBDCs, like cryptocurrencies, are digital, but the main difference is that CBDCs fall under the control of the federal government.

Fed 2 Alabama News
'We’ve been resilient because the consumer is resilient': Atlanta Fed representative optimistic about economy during talk at Dothan Chamber of Commerce

“For everybody that I talk to who says, ‘Hey, we’re seeing softening in the economy,’ there are other folks I talk to who say record year. For everyone that says, ‘We think consumer spending is slowing down,’ somebody else is saying, ‘No, listen, the consumer is still going strong.’”

Biden SVB Alabama News
Troy economist explains what bank runs mean for Alabamians; Says Biden’s assurance ‘could backfire’

An Alabama economist weighed in on last week’s Silicon Valley and Signature Bank Collapse, explaining that the central banking system is the “leading problem” of the country’s financial situation and warning that President Joe Biden’s assurance of the banking system’s safety “could backfire.”