Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize banks

CNBC/Christina White/3-23-2023

Cartoon by Ed Stein of dollars flowing in an hour glass and investor caught in flow saying 'keep printing'“‘We have used important tools to act quickly to prevent contagion. And they are tools we could use again,’ Yellen said in written testimony before a House Appropriations subcommittee.”

USAGOLD note: That offer of support seems to leave a lot of wiggle room on the deposit limits debate. With the Fed’s unlimited, open-to-all credit facility in place, does it really matter?

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