US Federal Reserve

Eugene Puryear of BreakThrough News explains the latest US banking crisis, the role of the US Federal Reserve, and how only the rich seem to be worthy of bailouts and rescue packages

Meta has announced plans to cut 10,000 jobs this year amid a wave of mass layoffs by other US-based tech firms since 2022. Meanwhile, the US Federal Reserve has warned of a rise in unemployment due to a further hike in interest rates