US Treas Sec Yellen says OPEC+ oil output cut is not positive for global growth


Eamonn Sheridan

US Treasury Secretary Yellen

And also:

  • Says deposit outflows from small and medium-sized banks are
    diminishing, ‘actions we’ve taken have certainly helped’
  • US Banking situation
    stabilizing, but watching it very closely
  • Not willing to allow
    contagious runs to develop in US Banking system
  • US Banking system is
    well-capitalized and liquid, federal reserve is available as lender
    of last resort
  • FSOC has focused on
    a range of issues including financial risks, has not put all of its
    recent focus on climate change risks

A clearly not happy Jan.

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