Jerome Powell, the chairman of the Federal Reserve, stated, “The US banking system is sound and resilient.” However, large levels of fear among lower-income Americans (about 50% compared to 40% for those with incomes over $100,000) may indicate “less trust in a system they feel frequently leaves them on the outsides,” according to Axios.
Americans Appear To Be Worried About Banking Crisis; Memories Of 2008 Financial Crisis Looms
by | May 8, 2023 | Uncategorized | 0 comments