We all know the economy is messed up, but just how messed up is it exactly?
Finding an answer to this question is basically what the Federal Reserve’s semi annual financial stability reports are all about, and their latest one dropped earlier this month. And, there was more than enough there to justify a video, so here it is!
As many of you will know, the Federal Reserve is the central bank of the United States. Because the USD is the world’s reserve currency, what the Federal Reserve decides to do with stuff like interest rates can have a ripple effect around the world. As it so happens, there are other global events that are causing ripples of their own.
Supply chain issues, the war in Ukraine, China locking down, record levels of inflation, and potential food shortages are just a few of the factors the Fed and its constituents see as financial risks.
However, what the Fed is more concerned about is financial vulnerabilities – all the stuff in the financial system that makes it weak and can actually be addressed.
Not surprisingly, cryptocurrency is on the Fed’s list of financial stability risks. What exactly did they say, you ask?
Well, you’ll have to watch and find out!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Federal Reserve Financial Stability Report: https://www.federalreserve.gov/public…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.