04:35:00
Minneapolis Fed President Kashkari, the 2023 FOMC voter, will moderate a panel discussion on the minimum wage in ten minutes.
04:26:27
U.S. Treasury Secretary Yellen: As the employment report shows, the U.S. economy remains "solid."
04:23:35
U.S. Treasury Secretary Yellen said that the possibility of a recession cannot be ruled out, but she does not think this is the most likely path of development.
04:22:57
U.S. Treasury Secretary Yellen: The Fed realizes that tighter credit conditions will slow down the economy and has taken this into account.
04:22:37
Musk: Tesla plans to produce enough lithium to produce 1 million cars.
04:21:32
Japan Meteorological Agency JMA: An earthquake with an intensity of 4 occurred on the Noto Peninsula in Ishikawa, Japan.
04:18:38
U.S. Treasury Secretary Yellen: Willing to work with Congress to see if changes to federal deposit insurance are needed.
04:18:27
U.S. Treasury Secretary Yellen: Diversity in the banking system is a real advantage, and regional banks create a competitive situation.
04:18:20
U.S. Treasury Secretary Yellen: The government has intervened strongly to appease deposit holders and increase bank liquidity, and now banks have stable deposits.
04:18:14
U.S. Treasury Secretary Yellen: Regulators stand ready to use the same tools they have in the past if the pressure on banks could lead to contagion.
04:15:21
U.S. Treasury Secretary Yellen warned U.S. CEOs about default.
04:05:39
Fed: Nearly half of respondents mentioned the US debt ceiling, which was not singled out as a risk in previous reports.
04:04:29
Federal Reserve: Key money market funds and other cash investment vehicles remain vulnerable to sell-off risks and impact on short-term funding market vulnerabilities.
04:04:19
Federal Reserve: Ongoing inflation and monetary tightening, along with stress in the banking sector, were the potential risks most frequently cited by respondents.
04:04:06
Fed: Silicon Valley Bank and Signature Banks are unusually reliant on unprotected deposits, and most banks have a more balanced liability portfolio.
04:03:10
Federal Reserve: Large banks subject to liquidity coverage ratios have sufficient levels of high-quality liquid assets to withstand expected short-term cash outflows.
04:02:58
Federal Reserve: Policy intervention by banking regulators has prevented the possibility of further bank stress, and domestic banks generally have ample liquidity.
04:02:31
Federal Reserve: Silicon Valley Bank and Signature Bank are losing money faster than ever.
04:02:24
Federal Reserve: Ready to respond to any pressure on bank liquidity that may arise, committed to ensuring the safety of deposits and allowing banks to continue to provide credit services.
04:02:16
Federal Reserve: Some banks are under obvious funding pressure, but the funding risk of the entire banking system is generally low.