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Surveillance: Fed Special

Bloomberg Surveillance

00:00

Is There a Substitute for Rate Hikes?

Janet Yellen said she is not considering a broad increase in deposit insurance. This is spooking the market and you can see that immediate response in market. Jerome Powell comes out and he's saying, everything's fine. We have complete confidence in the stability of financial system. She's here raising questions about what the backstop is going to be for some of these regional banks.

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