12:25 - 17.04.2023

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April 17, Fineko/abc.az. More cautious behavior of U.S. banks after recent bankruptcies may stop Fed's interest rates from rising, ABC.AZ quotes U.S. Treasury Secretary Janet Yellen,

She noted that after the bankruptcies, banks are likely to act more cautiously and tighten lending against the background of recent bank failures.

According to Yellen, in this case it will lead to credit crisis in the economy, which can replace the next increase in interest rates that the Fed should undertake.

But Yellen said she doesn't see significant enough changes in this area to change economic views.