"It’s 100% certain there will be independent investigations”
into what happened with the banks and the Fed welcomes those
inquiries, as it proceeds on its own investigation, Powell said
in his press conference following the meeting of the
policy-setting Federal Open Market Committee.
(Reporting by Michael S. Derby; Editing by Leslie Adler)
March 22 (Reuters) - Federal Reserve Chairman Jerome
Powell said on Wednesday that he expects and welcomes outside
investigations into the banking woes that kicked off with the
collapse of Silicon Valley Bank.
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.