Part 2/10:
Last week, Jerome Powell reiterated that the US banking industry is robust and resilient, emphasizing that the Federal Reserve had no substantial concerns about liquidity issues among regional, midsize, or large banks. His reassurances came in the wake of the collapse of Silicon Valley Bank (SVB) earlier this year, which shook confidence in the sector. Powell's tone was optimistic, designed to calm fears and project the idea that the central bank’s oversight has effectively safeguarded the financial system.