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Sen. Katie Britt grills federal regulators on recent bank failures

Summary by Ground News
Sen. Katie Britt, the freshman from Alabama, pressed that regulators knew what was going on and should have acted. Britt also criticized the Federal Reserve for asking for more powers, despite the uncertainty that it fully utilized the powers it is already provided. The failure of SVB and Signature Bank days later brought a financial crisis as confidence in the bank system plummeted.

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  • 50% of the sources are Center, 50% of the sources lean Right
50% Right
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Alabama Political Reporter broke the news in on Wednesday, March 29, 2023.
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