Fed’s Kashkari Sees Signs of Calm Restored to Banking Sector
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Federal Reserve Bank of Minneapolis President Neel Kashkari said there are signs that last month’s turmoil in the banking sector following the collapse of Silicon Valley Bank is abating.
“I’m not ready to declare all clear but there are hopeful signs that these risks are now better understood and calm is being restored,” Kashkari said Tuesday during a town hall event at Montana State University in Bozeman.