“The U.S. banking system is sound and resilient. The Federal Reserve, working with other agencies, has taken decisive actions to protect the U.S. economy and to strengthen public confidence in our banking system. We will continue to closely monitor conditions in the banking system and are prepared to use all our tools, as needed, to keep the system safe and sound.” — Lisa Cook, Member of the Board of Governors of the Federal Reserve System
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If you have to say it, it usually means it’s *not* “sound and resilient.”
