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DANIEL HOROWITZ | March 13, 2023 Read more at https://www.theblaze.com/op-ed/horowitz-with-the-impending-bank-bailout-and-stagflation-trap-its-time-to-clip-the-wings-of-the-federal-reserve/ Robert Alexander/Getty Images Like Blaze News? Get the news that matters most delivered directly to your inbox. SIGN UP We have no free market and never will have one so long as the Federal Reserve exists in its current form. It is the unelected judge, jury,…

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The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.

Biden is calling on Congress to grant the FDIC those powers after the failures of Silicon Valley Bank and Signature Bank sent shockwaves through the global banking industry.

President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry. Biden wants the Federal Deposit Insurance Corporation to be able to force the…