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JUST IN: 馃嚭馃嚫 FED Chair Jerome Powell says "process of getting inflation down has a long way to go, it will be bumpy."
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JUST IN: 馃嚪馃嚭 Russia to use Chinese yuan instead of US dollars to settle trade with Asia, Africa, and Latin America.
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JUST IN: 馃嚭馃嚫 Texas Senator Ted Cruz introduces bill to ban the FED from adopting a central bank digital currency (CBDC).
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JUST IN: 馃嚭馃嚫 White House says crypto assets do not offer "any fundamental value, nor do they act as an effective alternative to fiat money."
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JUST IN: 馃嚠馃嚛 Bank of Indonesia to transition away from Visa and Mastercard, introducing a new payment system.
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JUST IN: 馃嚫馃嚜 Sweden's largest pension fund sells all First Republic Bank $FRC shares at a $728 million loss.
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JUST IN: 馃嚭馃嚫 Texas introduces bill to protect rights of Bitcoin holders, miners, and developers.
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JUST IN: 馃嚭馃嚫 US explores measures to guarantee all bank deposits if crisis grows.
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JUST IN: 馃嚭馃嚫 White House says President Biden has confidence in FED Chair Jerome Powell.
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JUST IN: 馃嚭馃嚫 Florida Governor Ron DeSantis calls to ban central bank digital currencies (CBDC).
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JUST IN: 馃嚙馃嚜 Belgium to require all cryptocurrency ads to state: "the only guarantee in crypto is risk."
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JUST IN: Several major banks announce coordinated action to increase US dollar liquidity provision in the global market through swap lines:
馃嚭馃嚫 US Federal Reserve
馃嚚馃嚘 Bank of Canada
馃彺鬆仹鬆仮鬆仴鬆伄鬆仹鬆伩 Bank of England
馃嚡馃嚨 Bank of Japan
馃嚚馃嚟 Swiss National Bank
馃嚜馃嚭 European Central Bank
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馃嚭馃嚫 US Federal Reserve
馃嚚馃嚘 Bank of Canada
馃彺鬆仹鬆仮鬆仴鬆伄鬆仹鬆伩 Bank of England
馃嚡馃嚨 Bank of Japan
馃嚚馃嚟 Swiss National Bank
馃嚜馃嚭 European Central Bank
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JUST IN: 馃嚭馃嚫 FED Chair Jerome Powell and Janet Yellen say US banks' capital and liquidity are strong.
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JUST IN: 馃嚚馃嚟 Swiss President says it is impossible to regain confidence in Credit Suisse $CS.
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JUST IN: UBS to acquire Credit Suisse $CS for over $2 billion, one of the largest banks in the world.
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