Federa Reserve News Today : Breaking News, Live Updates & Top Stories | Vimarsana

we'll get access to all thei money, starting monday more details in just a moment. then, empty words from mik pence, he wants history to hol donald trump accountable for january 6th, but refuses t testify against the ex president. and then, two gop le committees are on the ropes, but me moments ago, treasury secretar janet yellen released statement along with the federal reserve in the fbi and see on this silicon valley bank saying, quote depositors wante access to all their mone starting monday, march 13th, and no losses associated wit the resolution of silico valley bank will be bo...

additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know >> we do have the statemen straight from -- we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of silicon valley bank tha mirror that fully protects the depositors what does this mean? basically, the d...

mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confidenc in the banking system. now, one big thing, th statement did not say wa anything about the sale of the ban...

The Fed is expected to pause rates at today's meeting. The Aussie has powered higher. Australia releases employment report on Thursday

So from the treasury secretary quote, after receiving a recommendation to the boards o the fdic, and the federa reserve, and consulting with the president, yellen approved actions enabling the fdic to engage a resolution of silicon valley bank, in a manner tha it protects all depositors that means everyone, that mean everyone underneath the fdic 250,000 dollar limit, and abov the 250,000 dollar limit those are some big companies were talking about here, we're talking about roku, crypto company block, faye aerospac company rocket lab, they all have a combined hundreds o millions of dollars in s...