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- US Treasury Sec. Yellen: US banking system remains sound
US Treasury Sec. Yellen: US banking system remains sound
"I can reassure the members of the committee that our banking system remains sound, and that Americans can feel confident that their deposits will be there when they need them," US Treasury Secretary Janet Yellen will tell the Senate Finance Committee on Thursday, per Reuters.
"This week's actions demonstrate our resolute commitment to ensure that depositors' savings remain safe," Yellen's prepared remarks read. "Shareholders and debtholders are not being protected by the government. Importantly, no taxpayer money is being used or put at risk with this action."
Market reaction
These comments don't seem to be having a significant impact on the US Dollar's performance against its major rivals. As of writing, the US Dollar Index was down 0.27% on the day at 104.45.
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