The Federal Reserve on Wednesday raised interest rates another 25 basis points – or 0.25% – amid the banking crisis.

“Inflation pressures continue to run high,” Fed Chair Jerome Powell said. “The process of getting inflation back down to 2% has a long way to go.”

CNBC reported:

The Federal Reserve raised interest rates by a quarter of a percentage point, bringing the benchmark funds rate to 5% to 5.25%. In its post-meeting statement, the central bank appeared to soften its language on future rate increases, removing a line on “additional policy firming.” In his press conference, however, Chair Jerome Powell noted that the policy-setting committee thinks it will take time for inflation to come down and it would not be appropriate to cut rates.

The banking crisis stems from the Federal Reserve’s decision to hike interest rates seven times in 2022 to fight Bidenflation.

However, Americans are still getting crushed by Joe Biden’s inflation crisis.

The Federal Reserve has raised interest rates 10 times for a total of 525 basis points since last year – 7 times in 2022 and 3 times in 2023 – in an effort to hedge inflation.

It’s not working.

Inflation rates are STILL high.

The higher interest rates are now posing a problem for the banking sector and the real estate market.

Silicon Valley Bank, Signature Bank and First Republic Bank collapsed this year after depositors withdrew billions of dollars from the lending institutions.

Regional bank stocks are also getting hammered amid fears of contagion.

PacWest Bancorp’s stock plunged in after hours trading on Wednesday amid sale rumors.

30-year fixed rates mortgages are over 7.5% and housing prices are plunging.

Today's 1/4 point #Fed rate hike, basically another price increase, won't do anything to subdue #inflation. Consumer prices still have a long way to rise due to past QE and will rise even further as a result of future QE as the Fed soon responds to a worsening financial crisis.

— Peter Schiff (@PeterSchiff) May 3, 2023

The post Federal Reserve Raises Interest Rates 25 Basis Points Amid Banking Crisis appeared first on The Gateway Pundit.

Fox News reported Tuesday that high school senior Megan Simpkins unloaded on her school in an explosive speech three days after they allowed a giant trans student to assault a girl in the girls’ locker room.

By extension, Simpkins also eviscerated the ideology governing the radical trans movement.

Cristina Laila previously reported that the assault happened last week on April 24 at MLK High School in Riverside, California. The trans student exposed his genitals to a terrified girl and spat at others.

FOX 11 reported the deranged male student has a history of erratic and uncomfortable behavior. Riverside Police also said this is not the first time the pervert has been involved in an altercation.

Simpkins started her speech before Riverside Unified School District’s (RUSD) board meeting with a based introduction etched in stone cold biological facts.

Hello ladies and gentlemen and only ladies and gentlemen it is and shall always be.

I am an 18-year-old high school student and wanted to bring to your attention the current issue with biological men claiming they are women.

And in turn truly believing they are entitled to use women’s spaces.

She then addressed the sexual assault by the biological male and expressed her righteous fury. She then queried why his “safety” was being put above the girls.

There was an incident that occurred recently in our district regarding a transgender woman who really is a biological man having an altercation with a young woman at MLK High School.

It was infuriating when I had seen the video on social media. But what was detrimental to this is the fact that this man is and has been using the women’s restroom and locker room.

Firstly the question we must address is why are we affirming the mental confusion of this boy and putting the safety of women in jeopardy by allowing mentally confused men to use women’s spaces?

At that exact moment, the crowd erupted in rousing applause. That statement represented a powerful blow to radical trans ideology which teaches men and women are the same.

WATCH:

Watch the latest video at foxnews.com

Simpkins next expressed amazement that “true girls” like herself were never consulted regarding biological males being in female spaces.

Why don’t we ever get a say in whether or not we are comfortable with this? The truth is we aren’t, the majority of us aren’t, and yet nothing has been done to protect the safety of these women.

She closed her speech by demanding immediate action.

I will conclude with this it all starts with you. You are in charge of the safety of us women.

Please do something about it, thank you.

You will be hard-pressed to see a more thorough defense of human biology and destruction of the radical trans movement than this.

The transgender student was expelled from the school according to the Riverside Unified School District.

Since the incident occurred, District staff has been working to ensure the safety and rights of all students are considered and promptly responded to. We are able to verify that the student involved will no longer be attending King High School.

The post WATCH: Brave Female High School Student Delivers Explosive Speech Destroying Radical Trans Ideology and Her School District After a Giant Transgender Student Assaulted an Innocent Girl- Crowd Erupts in Rousing Applause! (VIDEO) appeared first on The Gateway Pundit.