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U.S. Treasury says FSOC agreed banking system sound

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The U.S. Treasury said that the multi-regulator Financial Stability Oversight Council agreed in a meeting on Friday that the U.S. banking system remains 'sound and resilient' despite stress on some institutions.

U.S. Treasury Secretary Janet Yellen testifies before a Senate Appropriations Financial Services and General Government Subcommittee hearing on President Biden's proposed budget request for the Department of the Treasury for fiscal year 2024, on Capitol Hill in Washington, U.S., March 22, 2023. REUTERS/Evelyn Hockstein/File Photo

WASHINGTON, March 24 - The U.S. Treasury said that the multi-regulator Financial Stability Oversight Council agreed in a meeting on Friday that the U.S. banking system remains "sound and resilient" despite stress on some institutions. In a readout of the closed meeting held by videoconference, the Treasury said that FSOC participants heard a presentation on market developments from the staff of the Federal Reserve Bank of New York.

"The Council discussed current conditions in the banking sector and noted that while some institutions have come under stress, the U.S. banking system remains sound and resilient," the Treasury said in a statement.

 

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Will start printing dollars, whenever required at the cost of the world.

US’s banking system will be collapse by polycrisis, its effected to any kinds of producers and products. US’s economic on the egde of collapse by Biden has been waging a war in Ukraine. Actor Zelensky has been acting as well as a Gamer by US’s lead fight Russia to last Ukraine…

Look everyone she’s wearing purple. Everything is fine.

Except it isn't even close.

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