Q: is interest rate risk is at a level banks haven’t been dealing with for a very long time

#shorts On 3/10/2023, Biden’s top econ couldn’t answer the question. Reporter: just to follow up on Mary’s question. I think one thing that’s different in the wake of 2008, despite everything that’s been put into place in the wake of Dodd-Frank, is interest rate risk is at a level right now that perhaps banks haven’t been dealing with for a very long time. Do you feel comfortable that the banking industry writ large is both cognizant of the risk and prepared for it in a different way than maybe SVB was?

Chair Rouse: So, what I would say is that our banking system has — understands these kinds of heightened risks, and that I have full faith and confidence in our regulators. You know, Secretary Yellen has been

other clips of this published longer video is here: <a href=“https://youtu.be/pDRLMRBlgFc\” rel=“nofollow”>https://youtu.be/pDRLMRBlgFc

Q: is interest rate risk is at a level right now that perhaps banks haven’t been dealing with for a very long time

Key Points

• feature=oembed” frameborder=“0” allowfullscreen>

#shorts On 3/10/2023, Biden’s top econ couldn’t answer the question

• Reporter: just to follow up on Mary’s question
• I think one thing that’s different in the wake of 2008, despite everything that’s been put into place in the wake of Dodd-Frank, is interest rate risk is at a level right now that perhaps banks haven’t been dealing with for a very long time
• Do you feel comfortable that the banking industry writ large is both cognizant of the risk and prepared for it in a different way than maybe SVB was