“Certainly, we would be prepared to take additional actions if warranted,” Yellen said in prepared testimony to a House subcommittee.In answer to questions from lawmakers on Wednesday, Yellen said the Treasury was not planning to provide a “blanket” guarantee of uninsured deposits. Some interpreted this as conflicting with the remarks of Fed chairman Jerome Powell who said on Wednesday that “depositors should assume that their deposits are safe.
The new language seems aimed at clearing up that confusion. While Treasury is not providing a systemwide guarantee of deposits, it could do so at additional banks if officials deem it systemically risky not to, according to Yellen. Yellen will repeat her description of the government’s actions with respect to Silicon Valley Bank and Signature Bank.
As I have said, we have used important tools to act quickly to prevent contagion. And they are tools we could use again. The strong actions we have taken ensure that Americans deposits are safe,” the prepared remarks say.
She hasn’t got a clue! It’s nursing home time for her.
So easy to spend Taxpayer money ,they are using Taxpayers money forever thing. Wonder how much is going in pockets ❓🇺🇸
The best move we could make would be to get rid of her and her ilk once and for all. Throw the club out!
Stabilization=bailouts.
Won't lower interest rates to benefit everyday Americans but ready, willing and able to bail out fat cat democrat donors.
The House needs to CURB those regulators!
“Inflation is transitory.” Really
How about getting the hell out of the way?
Can you just stop talking Every time you do you tank the market!!
Like write up a 6.5 trillion dollar budget which she doesn’t even know what was put into it? Phew we’re all saved 🤦♂️ endlessly oppressive financial policies woo hoo this isn’t tyranny at all!
She meant 'house of cards.'
Of course🫦
I thought she said banking was stable?
What nursing home did they find this Broad
Isn't it kinda funny. They are still called, 'regulators'. What exactly do they, Regulate'. Is it watching how fast the US economy crashes. Maybe regulating cash flow into their off shore accts. Hummm gotta wonder. Fox guarding hen house.
More gov takeover
And $4.7 trillion in new taxes.
I am not at all worried because the puppet president said the banking system is completely safe!Just like his inflation reduction act and his covid relief Bill's would NOT cause inflation! It's total coincidence that since then, prices for everything have skyrocketed!
Time to put debit cards up and use real cash money. They want to be able to digitize and track everything you buy or do. Support regional banks.
This lady has Alzheimer’s
Yellin please retire u r over the hill and along with your boss ruining America.
So more troubles coming?
Stay away dictators! Try to fix Bidens inflation first that is where you failed that is why Bonds suck that is why banks fail!
Whenever they say they're going to take 'emergency actions', hold on to your rights and freedoms because that's what they're coming for.
Time for this Inflation is Transitory lady to retire.
Sleeping at the wheel wasn't working, better get their best Gender study diversity trained people on it. Must have been a Social equity failure, not a fiscal equity Failure.
Dope
Bail outs
BULLSHIT! You can't even balance your own checking account!
Here's how you save the banks. Stop them from doing all the crooked shit they've been doing to the stock market. Enforce the damn regs already on the books, and come up with some new ones to put an end to this nonsense.
The House needs to shut her down.
She's been wrong too many times.
Bailout Thought they weren’t doing that ?
And what about this action encourages bankers to act prudently? And bear responsibility for their failures?
WTF you wishy washy women I thought the banks were safe you hack
They are going to come after the working people and have control of your accounts just like Canada did with the truckers it's all about their control that's why they purposely crashed those banks then they co conspirators keep the money then they took our tax money and gave it
Every time she talks a million baby birds die
They haven't a clue what they are doing. Top banking executives said the sudden rise in interest rates had cause such a depreciation in the bonds they hold & other interest sensitive instruments, the Fed needed to slow down. Instead the clown increase the rate by .25%
Nope
Most Democrats and leftists in government and RINOS probably got money from FTX and SVB and others. they want to share money for funding their election fraud.
Picture of traitor
I know maybe in years past this slowing down our economy worked with raising the rates ,but it seems to be doing the opposite at this stage .Maybe we should wait and give it a chance, to correct itself.
Who are you going to steal the money from..doofus!!
Confidence = low
All the chaos we are having is due to government interventions. But obviously it’s not enough
She bought some more printing presses…probably on loan from China 🙄
When you stop people from accessing their money, the banks will be just fine.
🙄🙄🙄🙄 I just can't with this lady 🤡any more today😮💨... maybe tomorrow😆🤔🤨😡
Like keep raising rates?
This old hag needs to be locked up and the key dropped into the ocean!!!!!
In other words, she is more than ready to screw over the American taxpayer to protect wealthy political donors.
She means to protect deposits into her bank account from her new “donor” Zelenskyy.
I'll Bet She Is!!!! Just another Government Grab opportunity. They essentially control the Banking system as it exists already, but there's got to be a Final step to it.
They better gird their loins.....
This geriatric also said inflation was transitory!
In other words, fire up the printing presses!
Silly cow
A Penny has more sense then her.😂
She looks like a soros love child
Say isn’t that Shemp? Must be a stressful job😂😂😂😂
She should be in a tree making cookies
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