Bank failures and rescue test Yellen's decades of experience

Bank failures and rescue test Yellen’s decades of experience

Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy.

Bank failures and rescue test Yellen's decades of experience

US Treasury Secretary Janet Yellen called on the expertise of former Treasury Secretary Hank Paulson to address a banking crisis earlier this month. Yellen used her experience as former Federal Reserve chair and economist to assemble a range of players, including the heads of regulatory bodies, lawmakers and bank executives. Calming Republicans in Congress was also vital, as they were concerned that the actions would lead to increased regulation.

Bank failures and rescue test Yellen's decades of experience

Bank failures and rescue test Yellen's decades of experience Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the US economy. She quickly turned to someone who had been through the fire before, and on a much larger scale: Hank Paulson. Paulson, who ran the Treasury Department during the financial crisis in 2008, counseled immediate…

Bank failures and rescue test Yellen's decades of experience

WASHINGTON (AP) -- Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy.

Bank failures and rescue test Yellen's decades of experience

WASHINGTON (AP) — Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan […]

Bank failures and rescue test Yellen's decades of experience

WASHINGTON (AP) — Working against the clock to stop a developing banking crisis , Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy.