Summary
[Yellen issued a warning to many company CEOs: the United States may have debt defaults]U.S. Treasury Secretary Yellen contacted the CEOs of many companies, warning that there is a risk of debt default in the United States; if the pressure on banks may cause the crisis to spread, regulators are ready at any time Using the same tools as in the past; the government has intervened forcefully to appease depositors and boost bank liquidity, and banks now have stable deposits; the US economy remains “solid,” as the jobs report shows; a recession cannot be ruled out, but it is not most likely path. (Financial Association)
U.S. Treasury Secretary Yellen contacted the CEOs of many companies, warning that there is a risk of an outbreak of debt default in the United States; ifbankUnder pressure that could lead to contagion, regulators stand ready to use the same tools as in the past; governments have intervened forcefully to reassure savers and boostbankliquidity nowbankAlready have solid savings; US economy remains “solid” as jobs report shows; recession not ruled out, but not the most likely path.
(Article source: Financial Associated Press)