Despite rumors of a possible recession, the US economy will continue to grow and inflation will fall. About this agency stated Treasury Secretary Janet Yellen.
“Our banking system is reliable and stable. “The measures we’ve taken aim to strengthen this and build broad public confidence,” Yellen said.
According to him, despite the numerous rumors about impending problems in the country’s economy, the labor market is quite stable.
He added that he would ensure the safety of all deposits and monitor the functioning of the banking system. At the same time, the authorities will do everything possible to keep the system operational.
April 5, Head of the Department of Economic Cooperation of the Ministry of Foreign Affairs of Russia Dmitry Birichevsky declarationHe points out that the risks of global crisis continue in the face of the problems in the banking sector in Europe and the USA.
Prior to that, Swiss National Bank Vice-President Martin Schlegel said that the takeover of Switzerland’s second-largest bank Credit Suisse (CS) by UBS, the largest credit institution in the country, not only helped prevent the eventual collapse. CS is also the global financial crisis.