Yellen's Views on US Banks and Inflation Control
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.