Bloomberg just reported that Treasury Secretary Janet Yellen - who was singlehandedly responsible for stoking and restarting the bank crisis on Wednesday which until that day was easing back, with her comments that nobody in charge was even talking about a uniform deposit insurance, let alone working on one - will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council.
Ahead of the first G-20 Finance Ministers and Central Bank Governors’ Meet, Janet Yellen met Union Finance Minister Nirmala Sitharaman and discussed strengthening global debt vulnerabilities, multilateral banks, crypto assets and health.
US Treasury Secretary Janet Yellen said Monday she expects current record-high inflation to ease, with monthly rates falling back to 0.2 or 0.3 percent in the second half of 2022.
