Yellen Warns More Bank Bailouts Could Be Coming
View Source | March 22, 2023 3:02 pm
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- Treasury Secretary Janet Yellen said Tuesday that more bank bailouts could be coming.
- Yellen made the comments as part of her prepared remarks at the American Bankers Association meeting in Washington, D.C. Her comments come after the federal government stepped in to shore up collapsing regional banks in recent days, raising concerns about the economy and the federal government’s role in aiding hurting financial institutions.
- Yellen referenced the “swift response” to help those banks with federal funds. She said, though, that the efforts “were not focused on aiding specific banks or classes of banks.”
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