"We will continue to closely monitor conditions... and are prepared to use all of our tools as needed to keep it safe and sound," Powell told a press briefing
PHOTO
US Federal Reserve Chair Jerome Powell said Wednesday that "depositors' savings in the banking system are safe" and the central bank will work to prevent episodes like recent turmoil from happening again.
"We will continue to closely monitor conditions... and are prepared to use all of our tools as needed to keep it safe and sound," Powell told a press briefing. He added that authorities are "committed to learning the lessons" after the collapse of three regional lenders.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
