Janet Yellen, the US Treasury secretary, spoke to reporters at Yale University regarding two significant bank failures in the US. Following her event, Yellen discussed the banking industry and OPEC's decision to cut oil production. According to Yellen, the US government is closely monitoring the situation, with the aim of not allowing contagious bank runs. She also presumed that the actions of the Federal Reserve, Treasury, and Federal Deposit Insurance Corporation had helped to address the struggles thus far. Moreover, Yellen shared her opinion that more emphasis should be placed on fighting climate change and that the Inflation Reduction Act is focused on creating economic opportunities out of the climate crisis.
Adele Foster
- 2023-04-06
Janet Yellen Addresses Bank Failures, OPEC at Yale University
US Treasury Secretary Janet Yellen addressed reporters at Yale University, discussing significant bank failures in the US, the banking industry, and OPEC's decision to cut oil production.
