The Fed

Ted Cruz introduces legislation to prevent the U.S. Federal Reserve from creating a digital currency to avoid financial surveillance and government control over Americans' financial information.

During an interview with CBS News on Tuesday, Moody’s Analytics Chief Economist Mark Zandi stated that the problems in the banking industry are the inevitable result of rate hikes by the Federal Reserve where “things are going to start to wobble and break and it’s going to feel uncomfortable.”

The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in US history.

GOP Chair Ronna McDaniel says widespread bank failures highlight Biden's incompetence.

Treasury Secretary Janet Yellen's admission that the government is picking winners and losers in the bank bailout process, particularly disadvantaging community banks, could lead to the consolidation of banking power in the hands of a few large institutions, according to critics.

The consumer price index, a key measure of inflation, rose 0.4% in February, up 6% from February 2022, the U.S. Bureau of Labor Statistics reported on Tuesday.

Silicon Valley Bank (SVB) is getting a bailout.

The Federal Deposit Insurance Corp. (FDIC) and Federal Reserve are discussing creating a fund to backstop deposits if more banks fail following the collapse of Silicon Valley Bank.

Home Depot co-founder Bernie Marcus discussed the devastating collapse of Silicon Valley Bank, urging Americans to "wake up" and understand that the U.S. economy is in "tough times."

As of the week ending February 25, about 1.72 million people were receiving jobless aid, an increase of 69,000 from the previous week.