US Treasury Minister Yellen said that the US economy is strong, but some areas are slowing down, and it is also emphasized that it is still priority to work hard to reduce inflation.
Comprehensive Bloomberg and Reuters reported that Yellen on Wednesday (June 7) was interviewed by the National Broadcasting Corporation Business Channel (CNBC) program that banks may face issues related to commercial real estate.At present, a diversified banking system consisting of strong community banks, regional banks and large banks is the advantage of the US economy, but banks may also face some integration.
However, Yellen also emphasized that the capital and liquidity of the banking system should be sufficient, and they should be able to bear pressure as a whole.
She commented on the recent
Yellen warns that if the inflation problem is not resolved, it may usher in economic recession and trigger a financial crisis.
