/ world today news/ In the last few days, Silicon Valley Bank and Signature Bank were closed one after the other due to “systemic risk”. In this regard, Fox Business News senior reporter Charlie Gasparino criticized the Federal Reserve for creating this economic chaos with its inflationary measures followed by radical interest rate hike policies. According to him, the closure of the two banks could serve as a warning for similar cases in the near future.
“All Americans will be affected by the closure of both banks. This incident also shows that our banking and economic system are in extremely bad shape. The Federal Reserve has been printing too many bills for many years. A continued rise in inflation and interest rates will destroy the American economy and destabilize society,” Gasparino adds.
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