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Yellen defends efforts to stabilize banking system

Por: The Boston Globe Business March 16, 2023

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WASHINGTON — Treasury Secretary Janet Yellen defended the actions of the Biden administration and federal regulators to stabilize the US financial system this week, saying the moves were aimed at preventing problems from spreading through the banking system.Yellen, in a hearing before the Senate Finance Committee, also sought to reassure the public that America’s banks are “sound” and that their deposits are safe.Related: The comments... + full article



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