Yellen Says US Prepared for Additional Deposit Actions If Needed

 Treasury Secretary Janet Yellen told US lawmakers that regulators would be prepared for further steps to protect the banking system if warranted, a day after her remarks on nationwide deposit insurance rattled markets.

Bloomberg 23 March 2023

https://www.bloomberg.com/news/articles/2023-03-23/yellen-says-us-prepared-for-additional-deposit-actions-if-needed


Bill Ackman said he expects an acceleration of deposit outflows from banks after US Treasury Secretary Janet Yellen “walked back” comments about guaranteeing all deposits  

Bloomberg 22 March 2023

https://englundmacro.blogspot.com/2023/03/the-end-of-market-discipline-for-banks.html


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