Inflation outstripped forecasts and surged above 4 per cent last month to hit its highest level in almost a decade as spiralling energy prices pushed up the cost of living.
Saule Omarova, Joe Biden's selectee for the Office of the Comptroller of the Currency (OCC), called during a March virtual conference to eliminate all private bank accounts and deposits.
The United States is likely to see greater inflation risks from record-high housing prices as demand continues to outstrip the number of newly-built homes while bottlenecks in supply chains slow construction, Federal Reserve Governor Michelle Bowman said on Monday.