Wednesday, March 15, 2023

SVB collapse only 'the tip of the iceberg' under Biden spending policies, economist warns | Fox News

SVB collapse only 'the tip of the iceberg' under Biden spending policies, economist warns | Fox News

Former Trump White House adviser and chief economist at FreedomWorks Steve Moore said Silicon Valley Bank's collapse might be the "tip of the iceberg" for the financial system. Moore told Harris Faulkner on Monday that the Biden administration's spending caused the Federal Reserve to raise interest rates, leading to financial problems for many major banks.

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