[ad_1]
United States Federal Reserve Chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank, despite it being under their watch.
In a press conference held just after the Federal Open Market Committee meeting on March 22, Powell said he immediately knew there was a need for an internal investigation when the bank shut down on March 10, stating:
[ad_2]
Source link
(This article is generated through the syndicated feed sources, Financetin neither support nor own any part of this article)
