US Treasury Sec. Yellen: US banking system remains sound

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]

“I can reassure the members of the committee that our banking system remains sound, and that Americans can feel confident that their deposits will be there when they need them,” US Treasury Secretary Janet Yellen will tell the Senate Finance Committee on Thursday, per Reuters.

“This week’s actions demonstrate our resolute commitment to ensure that depositors’ savings remain safe,” Yellen’s prepared remarks read. “Shareholders and debtholders are not being protected by the government. Importantly, no taxpayer money is being used or put at risk with this action.”

These comments don’t seem to be having a significant impact on the US Dollar’s performance against its major rivals. As of writing, the US Dollar Index was down 0.27% on the day at 104.45.

[/s2If]
Join Our Telegram Group