Yellen's Views on US Banks and Inflation Control
TL;DR Summary
Janet Yellen, the US Treasury Secretary, has stated that deposit outflows from the banking system have stabilized, but there has been some tightening of bank lending standards. She also warned that financial system sanctions linked to the US dollar could undermine its hegemony, leading to a desire by China, Russia, and Iran to find an alternative. However, Jim Bianco has highlighted that money is flowing in one direction within the banking system, with mega-cap US banks rising and small-cap banks falling.
- Yellen says outflows from banking system have stabilized but what about within the system? ForexLive
- Yellen says U.S. banks may tighten lending and negate need for more Fed rate hikes CNBC
- Yellen on how the US can bring down inflation while maintaining a strong job market CNN
- Yellen warns banks may further tighten lending The Hill
- Slowdown in lending could help Fed bring down inflation while maintaining a strong job market, Yellen says MarketWatch
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