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Powell Says Banking System Is Quite Resilient

  • Q: What else are you watching re how tighter financial conditions are hitting the economy? Could higher yields affect banking stress?
    • A: We look at a wide range of financial conditions... we look at a few different organizations' isn't one thing, not long-term Tsy rates in isolation.
    • Re banking stress, it's something we are watching. We think the banking system is quite resilient. We don't have any reason to think that these rate hikes are materially changing that picture.

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