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Axios
Axios
Business

Yellen tells Congress that U.S. banking system is "sound"

Janet Yellen STEM

Treasury Secretary Janet Yellen sought to reassure Congress Thursday that the U.S. banking system remained "sound" after a week of market tumult.

Driving the news: Yellen's testimony comes days after the government moved to fully guarantee depositors in failed Silicon Valley Bank and Signature Bank, helping stem the immediate panic, Axios' Neil Irwin writes.

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