Yellen: U.S. banking system remains sound
FILE PHOTO: U.S. Treasury Secretary Janet Yellen and Ukraine Prime Minister Denys Shmyhal speak to the press after holding a bilateral meeting at the U.S. Treasury Department Building in Washington, D.C., U.S. April 13, 2023. REUTERS/Ken Cedeno
WASHINGTON (Reuters) – The U.S. banking system remains sound and the U.S. government will take “any necessary steps” to keep it the strongest and safest financial system in the world, U.S. Treasury Secretary Janet Yellen said on Thursday.
Yellen said decisive U.S. actions taken after the failure of two regional banks had shored up the financial system.
“The U.S. banking system remains sound and we will take any necessary steps to ensure the United States continues to have the strongest and safest financial system in the world,” Yellen said in a speech at the Johns Hopkins University’s School of Advanced International Studies.