Emergency federal actions to back up customers of Silicon Valley Bank and Signature Bank could be used again if necessary, Treasury Secretary Janet Yellen said.
The markets still haven’t fully priced in the federal aid or the $30 billion 11 banks deposited into First Republic Bank to boost confidence into the system.
The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.
The central bank leader noted that stabilizing prices requires making tough decisions that can be unpopular politically.
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