US Tsr Sec. Yellen: Prepared for additional deposit actions `if warranted' – by fx_ross UnitedStates DollarIndex YieldCurve
Treasury Secretary Janet Yellen, Council of Economic Advisers Chair Cecila Rouse, and Office of Management and Budget Director Shalanda Young are delivering their testimony before the House Appropriations Financial Services Subcommittee.The prepared text came out earlier than expected: Yellen was expected to say, "we have used important tools to act quickly to prevent contagion. And they are tools we could use again," she said in prepared testimony to Congress.
Meanwhile, Wednesday's testimony from Treasury Secretary Yellen weighed on stocks after stating the Tsy is "not considering broad increase in deposit insurance", at odds with Chairman Powell's comment supportive of regional banks.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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