Federal Open Market Committee Chairman Jerome Powell said at a press conference after the Federal Open Market Committee meeting that the country’s banking system is robust and resilient, but could face the negative effects of tightening credit conditions. It has been reported TASS.
“Before we start today’s discussion, let me briefly talk about the latest developments in the banking industry. “Conditions in this industry have improved significantly since early March, and the US banking system is robust and resilient,” said Powell.
At the same time, according to him, the country’s economy may face negative events due to the tightening of credit conditions.
It was previously reported that the American bank First Republic Bank (FRB). it happened It is the largest bankruptcy debtor in the United States since the 2008 crisis.