U.S. Treasury Secretary Janet Yellen testified earlier than the U.S. Senate on the sixteenth, referring to the unprecedented measures taken to guard all deposits within the wake of two financial institution failures within the United States. I protected individuals,” he stated.
In addition, the FRB = Federal Reserve Board has launched a brand new framework to offer funds to banks to help financing, saying, “The American banking system is sound, and depositors can withdraw their deposits each time they should. I can do it,’ he stated.