The financial sector’s loss of deposits has created a liquidity crunch so severe that it’s threatening Russia’s ability to fund its war.
Treasury Secretary Scott Bessent on Monday is expected to announce the new measures after the U.S. vowed to impose an “unprecedented” level of economic warfare and isolation.
It’s a signal that the White House is seeking ways to work with Democrats if they wrest majority control from Republicans in the midterm elections.
“I don’t know how I can mentally continue working 12+ hour days knowing that my dad is somewhere, possibly treated like a criminal,” Joshua Aviles wrote.
“And if the Strait is not fully closed, Iran’s leverage is weak. Thus, Iran has reasons to escalate.”
Economists criticise Fed chair’s communication strategy as policymakers prepare to gather at Jackson Hole symposium