Jerome Powell, Chairman of the Federal Reserve System (FRS), which acts as the country’s central bank, said the US banking system could be in danger if the individual problems of banks are not resolved. the system is currently, but ready to take all necessary measures. It has been reported TASS.
He said history has shown that individual problems with banks, if not addressed, can undermine confidence in the health of banks and the critical role of the entire banking system in supporting the savings and loan needs of households and businesses.
Powell added that the US banking system is quite strong with strong capital and liquidity.
“We will continue to closely monitor the conditions in the banking system and are ready to use all our tools, if necessary, to ensure its security.”
Former US Treasury Secretary Janet Yellen statedthat the country authorities will provide additional assistance to depositors of small banks if necessary.
Source: Gazeta
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