Secretary of the Treasury Janet Yellen participates in a Multilateral Development Bank (MDB) Evolution Roundtable during the annual Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) at the IMF headquarters in Washington on April 12, 2023. (Alex Wong/Getty Images) WASHINGTON—Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes.
Yellen said in a “Fareed Zakaria GPS” interview that policy actions to stem the systemic threat caused by last month’s failures […]
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