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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economic data is reflective of the global economy slowing, says KraneShares' Brendan AhernBrendan Ahern, KraneShares CIO, joins 'The Exchange' to discuss China's October CPI results, the upcoming meeting between the U.S. Treasury's Janet Yellen and Chinese Vice Premier He Lifeng, and more.
Persons: KraneShares, Brendan Ahern Brendan Ahern, Treasury's Janet Yellen, Lifeng Organizations: KraneShares, U.S
Treasury's Janet Yellen rains on Jay Powell's parade
  + stars: | 2023-03-23 | by ( Bob Pisani | ) www.cnbc.com   time to read: +3 min
Federal Reserve Chairman Jerome Powell's press conference Wednesday threaded the needle almost perfectly. By the time Powell ended the press conference around 3:15 p.m. Both Yellen and Powell have been at great pains to say that deposits are safe, and by so doing are implying an implicit backstop for deposits. Powell, in his press conference, said "I think depositors should assume that their deposits are safe." But in her testimony Wednesday, Yellen said the Federal Deposit Insurance Corporation (FDIC) was not considering providing "blanket insurance" for all banking deposits.
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