#shorts On 3/21/2023, a reporter asked White House Press Secretary Karine Jean-Pierre “Today, Treasury Secretary Yellen said the federal government could step in to protect depositors at banks if there is a risk of contagion. What does the administration think about that risk of contagion? Is that about fundamentals in the economy or the psychology of the markets?

KJP: … And there’s evidence our actions are indeed working. They’re restoring confidence in the safety of deposits …
other clips of this published longer video is here: https://youtu.be/Qfl_j-5-AuI
Q: fundamentals in the economy or the psychology? A: our actions are indeed working