WASHINGTON — President Joe Biden said he was confident U.S. regional banks were in good shape and didn’t foresee any major crises on the horizon, downplaying Wall Street angst and lingering fears of broader financial turmoil.
“I think we’ve done a pretty damn good job. People’s savings are secure,” Biden said during a news conference on Friday in Ottawa alongside Canadian Prime Minister Justin Trudeau. “I think it’s going to take a little while for things to just calm down, but I don’t see anything that’s on the horizon that’s about to explode.”
In response to a question from a reporter about anxiety in financial markets, Biden quipped, “You ever know a Wall Street not in consternation?”
