WASHINGTON, March 12 (Reuters) - U.S. House of
Representatives Speaker Kevin McCarthy said on Sunday that the
Biden administration and the Federal Reserve are fully capable
of addressing Silicon Valley Bank .
"They do have the tools to handle the current situation,"
McCarthy told the Fox News program Sunday Morning Futures.
"They do know the seriousness of this, and they are working
to try to come forward with some announcement before the markets
open," he added.
(Reporting by David Morgan, editing by Deepa Babington)
twitter.com/dmorganreuters; Reuters Messaging:
david.morgan.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.