Commentary After Treasury Secretary Janet Yellen told the U.S. Senate on March 22 that federal bank regulators were not considering “guarantee of all deposits,” the stock market—and bank stocks more specifically—fell precipitously. The very next day, Yellen seemed to have walked back her comments. In a speech to the U.S. House, Yellen said that regarding…
US Needs to Support Comprehensive Deposit Insurance
Commentary After Treasury Secretary Janet Yellen told the U.S. Senate on March 22 that federal bank regulators were not considering “guarantee of all deposits,” the stock market—and bank stocks more specifically—fell precipitously. The very next day, Yellen seemed to have walked back her comments. In a speech to the U.S. House, Yellen said that regarding…
Billionaire Investor Warns Economy Heading for ‘Train Wreck’ After Fed’s Latest Move
March 24, 2023
admin
bank crisisBusiness & Marketsdeposit guaranteeeconomic policieseconomyInvestmentJanet YellenMarketspersonal financerecessionUS
0 Comment
Billionaire investor Bill Ackman said that the Federal Reserve’s latest decision to raise interest rates by 25 basis points, combined with Treasury Secretary Janet Yellen’s remarks that there are no plans for unlimited deposit guarantees, was a “big mistake” that puts more pressure on smaller banks and sends the economy toward a “train wreck.” Ackman…
Janet Yellen Calls Emergency Meeting of Financial Stability Council Amid Bank Turmoil
Treasury Secretary Janet Yellen called an emergency meeting with top U.S. financial regulators. Yellen will chair the closed-door Financial Stability Oversight Council (FSOC) meeting on Friday, the Treasury Department said in a statement. The Treasury did not provide any additional details regarding the closed meeting. The FSOC meets regularly to discuss national financial stability and…
LIVE NOW: Treasury Secretary Yellen Testifies to Senate Appropriation Subcommittee
March 22, 2023
admin
congressEpochTVEpochTV LiveJanet YellenLive VideosPoliticstreasury secretaryU.S. SenateUSUS NewsVideo
0 Comment
U.S. Treasury Secretary Janet Yellen testifies at a hearing held by the Senate Appropriation Committee’s Financial Services and General Government Subcommittee at 2:30 p.m. ET on March 22. …
Treasury Secretary Yellen Testifies to Senate Appropriation Subcommittee
March 22, 2023
admin
congressEpochTVEpochTV LiveJanet YellenLive VideosPoliticstreasury secretaryU.S. SenateUSUS NewsVideo
0 Comment
U.S. Treasury Secretary Janet Yellen testifies at a hearing held by the Senate Appropriation Committee’s Financial Services and General Government Subcommittee at 2:30 p.m. ET on March 22. …
Yellen: Government Could Step in Again to Protect Other Banks From Deposit Runs to Stop Contagion
March 21, 2023
admin
banking sectorBusiness & MarketsCompaniescongresseconomic policieseconomyExecutive BranchFDICinflationInvestmentJanet YellenMarketsPolicies & ImpactsPoliticsRegional & State Newsregional banksSilicon Valley BankUSUS News
0 Comment
U.S. Treasury Secretary Janet Yellen on Tuesday defended government intervention in the banking sector and suggested that it may be necessary to take similar measures in case smaller financial institutions experience deposit runs that could lead to contagion. She also called the American banking system “sound,’ and said that overall “the situation is stabilizing” due to…
LIVE NOW: Treasury Secretary Yellen Speaks at Annual Bankers Summit in Washington
March 21, 2023
admin
American Bankers AssociationeconomyEpochTVEpochTV LiveJanet YellenLive VideosPolicies & ImpactsUSUS NewsVideo
0 Comment
U.S. Treasury Secretary Janet Yellen speaks at American Bankers Association’s annual Washington Summit at 10 a.m. ET on March 21. Livestream courtesy of the American Bankers Association …
Treasury Secretary Yellen Speaks at Annual Bankers Summit in Washington
March 21, 2023
admin
American Bankers AssociationeconomyEpochTVEpochTV LiveJanet YellenLive VideosPolicies & ImpactsUSUS NewsVideo
0 Comment
U.S. Treasury Secretary Janet Yellen speaks at American Bankers Association’s annual Washington Summit at 10 a.m. ET on March 21. Livestream courtesy of the American Bankers Association …
A Mismanaged Silicon Valley Bank Failure Has Grave Consequences
March 18, 2023
admin
Business & MarketsBusiness ColumnistsChinaChina Business & Economyeconomic policieseconomyFDICFederal ReserveGlobal ExpansionInternational RelationsInvestmentJanet YellenMarketsOpinionrecessionSilicon Valley Bank CollapseSpecial Topicsstocks
0 Comment
Commentary This was undoubtedly the week that was. Silicon Valley Bank’s (SVB) failure sent the markets into the worst turmoil since the 2008 financial crisis. And, as I write this Friday morning, St. Patrick’s Day, there are “little fires everywhere” in regional banks that have unsettled markets. Most of them could have been avoided. What…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`