Fed chair blocked efforts to mention regulatory failures in Silicon Valley Bank rescue - NYT
Reuters | Updated: 17-03-2023 07:21 IST | Created: 17-03-2023 07:21 IST
Federal Reserve chair Jerome Powell blocked efforts to include a phrase mentioning regulatory failures at Silicon Valley Bank and Signature Bank in the joint statement released on Sunday evening by the Fed, the New York Times reported on Thursday.
The report cited several people involved in or close to the discussions.
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