MNI BRIEF: US Bank Issues To Have Limited Impact -Fed's Waller

Federal Reserve Governor Christopher Waller Thursday said panic in the banking system after the failure of Silicon Valley Bank and other lenders has subsided and suggested he sees limited damage to the real economy.

"Things have kind of calmed down. We haven't seen kind of any run behavior on any other banks in the last month. Everything seems to be okay," he said in Q&A at a Global Interdependence Center event. "That's the one thing about a bank run, it's a panic. Once it stops, there's no real fundamental damage to the economy or the banking system per se."

"People are still nervous. My colleague Austan Goolsbee in Chicago said they're just waiting for the other 'shoes to drop.' I hope there's no other shoe," he said, referring to the Chicago Fed president's comments Wednesday.