Talk about "After the Horse is gone"

[Kyle]

Big bank CEOs sound alarm on inflation fight: 'Expect tougher times ahead'


“We’re very concerned about the high prices," Citigroup CEO Jane Fraser said.

Chief executives at some of the largest U.S. banks sounded the alarm over sky-high inflation in testimony before Congress on Wednesday, warning that price hikes would require further borrowing cost increases from the Federal Reserve that will slow the economy and impose widespread financial pain.

The testimony from top bank leaders, including J.P. Morgan Chase CEO Jaime Dimon and Citigroup CEO Jane Fraser, arrived hours before the Federal Reserve is expected to escalate its fight against inflation with a dramatic interest rate hike.

The Fed has instituted a series of aggressive interest rate hikes in recent months as it tries to slash price increases by slowing the economy and choking off demand. But the approach risks tipping the U.S. into an economic downturn and putting millions out of work.

Big bank CEOs sound alarm on inflation fight: 'Expect tougher times ahead'

Chief executives at some of the largest U.S. banks sounded the alarm over sky-high inflation in testimony before Congress on Wednesday.

abcnews.go.com

 

[Hijinx]

Banks lost all right to complain about the federal reserve when they decided to borrow from it and stop paying it's people with savings accounts a decent interest.

 

[herb749]

Big bank CEOs sound alarm on inflation fight: 'Expect tougher times ahead'


“We’re very concerned about the high prices," Citigroup CEO Jane Fraser said.

Chief executives at some of the largest U.S. banks sounded the alarm over sky-high inflation in testimony before Congress on Wednesday, warning that price hikes would require further borrowing cost increases from the Federal Reserve that will slow the economy and impose widespread financial pain.

The testimony from top bank leaders, including J.P. Morgan Chase CEO Jaime Dimon and Citigroup CEO Jane Fraser, arrived hours before the Federal Reserve is expected to escalate its fight against inflation with a dramatic interest rate hike.

The Fed has instituted a series of aggressive interest rate hikes in recent months as it tries to slash price increases by slowing the economy and choking off demand. But the approach risks tipping the U.S. into an economic downturn and putting millions out of work.

Big bank CEOs sound alarm on inflation fight: 'Expect tougher times ahead'

Chief executives at some of the largest U.S. banks sounded the alarm over sky-high inflation in testimony before Congress on Wednesday.

abcnews.go.com

As long as the democrats keep spending & giving money away its not going to change. They are trying to buy the midterms and after it goes to hell this winter have 2 yrs to get it going right.