U.S. Treasury Secretary Janet Yellen reiterated on Thursday that she was prepared to take further action to ensure that Americans' bank deposits stay safe amid turmoil in the banking system.
. Multiple federal agencies, including the U.S. Department of Justice and the Securities and Exchange Commission, are probing SVB.
House Financial Services Committee Chairman Patrick McHenry, a Republican, said on Wednesday it was too early to tell if new legislation was necessary after the failures of the two banks. However, she also added that supply chain pressures and shipping costs were coming down and were eventually likely to bring down inflation.
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