Yellen: U.S. Prepared to Take More Actions
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 24 March 2023
⏱️ 10 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Friday, March 24th, and I'm your host, Julie Morgan. |
| 0:12.0 | Janet Yellen says the U.S. is prepared to take more actions to ensure deposits are safe. |
| 0:18.0 | That was the message to a House Subcommittee Thursday, |
| 0:21.0 | which was a little different than what she told the Senate on Wednesday. |
| 0:25.7 | Crypto headlines have been hard to miss this week, and there's more. |
| 0:29.7 | The whirlwind week of legal action concluded with a bulletin from the SEC that stated that |
| 0:34.2 | the risks of loss from crypto assets remain significant. |
| 0:37.3 | In addition, Tara founder DoQuan was arrested in Montenegro. |
| 0:41.3 | Energy Secretary Jennifer Granholm says the administration |
| 0:45.6 | wants to refill the Strategic Petroleum Reserves but it's going to take a few |
| 0:49.9 | years. Our top story. |
| 0:53.0 | Treasury Secretary Janet Yellen repeated on Thursday to a House subcommittee, much of what she told a Senate |
| 0:59.3 | subcommittee on Wednesday, but she added that regulators are prepared if needed to take |
| 1:05.3 | additional actions to ensure Americans deposits are safe. |
| 1:09.4 | At Wednesday's hearing, Yellen said regulators had not considered expanding federal insurance |
| 1:15.0 | temporarily to all US bank deposits without congressional approval. |
| 1:19.8 | On Thursday she said quote, |
| 1:21.8 | as I have said we have used important tools to act quickly to prevent |
| 1:26.2 | contagion and there are tools we could use again. |
| 1:29.6 | The strong actions we have taken ensure that Americans deposits are safe." |
| 1:34.7 | But what she said on Wednesday was a little different. |
... |
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