credit crunch

According to reports, Federal Reserve Chairman Powell said, “We are trying to assess some recent events. The credit crunch may mean that work on interest rate policy can be reduced. A large proportion of people in the FOMC expect credit to tighten.”. Interpretation of this information: The recent statement by the Federal Reserve Chairman Powell suggests that the Fed is currently in the process of evaluating some latest occurrences, and they are considering the probable impact of any credit crunch. Powell highlighted that the credit crunch could result in diminishing…

According to reports, Michael Novogratz, founder and CEO of Galaxy Digital, said that the United States is facing a credit crunch, and now is the best time to buy gold, silver, and Bitcoin. “In an interview with CNBC, he explained, ‘The United States and the world will face a credit crunch. You should invest in gold and silver… and Bitcoin.’” Interpretation of this information: Michael Novogratz, the CEO and founder of Galaxy Digital, suggested in a recent interview with CNBC that now is the right time to invest in gold,…