Fed Chair Kevin Warsh Warns Against Bailouts of Failing Companies
Federal Reserve Chair Kevin Warsh testified before the House Financial Services Committee on July 14 that the Fed does not intend to bail out failing companies, including those in the crypto industry. He emphasized this stance by referencing his experience from the 2008 financial crisis and stated clearly that 'we do not want to be in the bailout business.'
Topics: bailouts crypto industry Federal Reserve monetary policy