2min chapter

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#1174 EMERGENCY PODCAST: The 2023 Financial Crisis Has Begun

The Pomp Podcast

CHAPTER

The Federal Reserve Increased Their Balance Sheet by $300 Billion

Last week, the Federal Reserve increased their balance sheet by nearly $300 billion. The increase means that the Fed is now placed in an impossible situation. There is a lose, lose scenario in front of us. If the Federal Reserve continues conducting quantitative tightening and they continue to hike interest rates, it is very likely that we will spiral into a major banking crisis," he said.

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