CNN CNN Newsroom June 4, 2024 19:24:00
Uncertainty here. powell himself said he just doesn't know yet. how much this banking crisis is going to slow down the economy doesn't know how much it's going to hurt the availability of credit and make it more expensive for all of us to borrow, so there is some uncertainty here. but what is clear is that us officials, including powell, they're doing everything they can to try to bolster confidence in the banking system. listen to what he said about that topic. our banking system is sound and resilient with strong capital and liquidity. we will continue to closely monitor conditions in the ba...