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Federal Reserve to release 2021 bank stress test results June 24

Published 06/07/2021, 04:52 PM
Updated 06/07/2021, 04:59 PM
© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis

WASHINGTON (Reuters) - The Federal Reserve announced Monday that it would publish the results of its annual stress test of the nation's largest banks on June 24.

The results of the test, which examines how big bank portfolios would perform in a hypothetical economic downturn, will be closely watched by investors. The Fed had previously announced it expects most firms will be able to resume share buybacks and dividends if they pass.

Latest comments

There has been over 100% inflation between 1990 and present. $1 of purchasing power in 1990 is only $0.49 of purchasing  power today. Capitalism did not do that, reckless government spending and currency devaluation that raises the cost of living did that. Currency devaluation is a tax primarily on the lower and middle classes.
Considering that the federal reserve has been unable to raise interest rates and the US government is in massive debt and has been unable to achieve a balanced budget or surplus in 20+ years, and the fact that people would now rather own a made up meme coin like DOGE over the USD, I would say it is a massive failure.
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