The Federal Reserve Bank of New York has just launched a "digital dollar" cryptocurrency initiative just days after the FTX crypto scam was exposed. As Slay News reported, FTX has been exposed for being at the center of a money laundering effort in Ukraine that's linked to several U.S. Democrats. FTX…
One of the world's most powerful bankers has laid out plans for "digital cash" by touting the form of currency as a way to "push society into new equilibriums." The subject of Central Bank Digital Currencies (CBDCs) has been a hot topic during the 2022 International Monetary Fund (IMF)/World Bank…
The International Monetary Fund (IMF) has warned that Asia’s central banks must tighten monetary policy further to ensure that inflation returns to target levels. The warning from the IMF comes as currencies across the region weaken. The director of the IMF’s Asia and Pacific Department, Krishna Srinivasan, said that a…
Elon Musk has issued a warning to the American people that Democrat President Joe Biden's Federal Reserve is tanking the US economy. The warning from Musk comes amid rising concern about the Fed's poor monetary policy. On Monday, Wharton Business School professor Jeremy Siegel criticized the Federal Reserve and its…
The Bank of England has issued a warning to lenders to prepare for a coming economic storm. In a warning Tuesday, the bank asserted that the global economic outlook has "deteriorated markedly." International institutions, such as the International Monetary Fund (IMF) and Organisation for Economic Co-operation and Development (OECD), say…
A key inflation gauge dropped slightly in May but remains stuck at a level that is more than double the target set by the Federal Reserve. The Fed’s preferred inflation gauge, the so-called core Personal Consumption Expenditures (PCE) price index, is heavily relied on by the Federal Reserve when setting…
The UK's central bank has raised its benchmark interest rate for the fifth time in a row as the country battles to tame the nation’s cost-of-living crisis. The bank has become the latest monetary authority to tighten in response to runaway inflation. Policymakers at the Bank of England (BOE) decided…
Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down. Powell said the Fed is committed to fighting inflation during an interview at The Wall Street Journal’s Future of Everything Festival. “We will go until we…
This week's two-day Federal Reserve policy meeting is a major focus point for investors, with markets expecting the central bank to press ahead with a sharp rate hike in an effort to relieve surging inflationary pressures. The Federal Open Market Committee (FOMC) is also expected formally announce the launch of…
Hacking collective Anonymous has claimed to have successfully hacked Russia's Central Bank. The hackers have warned that they plan to release 35,000 hacked files that they claim will expose "secret agreements" with the Russian government. The group says it will publish the files in the next 48 hours. The bank…