Press Release
March 19, 2023
Statement by Secretary of the Treasury
Janet L. Yellen and Federal Reserve
Board Chair Jerome H. Powell
For release at 4:00 p.m. EDT
The following statement was released by Secretary of the
Treasury Janet L. Yellen and Federal Reserve Board Chair
Jerome H. Powell:
"We welcome the announcements by the Swiss authorities
today to support financial stability. The capital and liquidity
positions of the U.S. banking system are strong, and the
U.S. financial system is resilient. We have been in close
contact with our international counterparts to support their implementation."
Last Update: March 19, 2023
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