#shorts On 3/10/2023, Biden’s top econ couldn’t answer the question. Reporter: Picking up on that, you said you had full faith and confidence in our regulators. Regulators are those that work for the government. Do you have the full faith and confidence in the banking system writ large?

CHAIR ROUSE: Our banking system is fundamentally different because of the changes that we put in place in 2008. For example, they have to hold more capital, they undergo stress tests.

So we know that we had to build more resilience into our banking system, which allows it to withstand these kinds of shocks. So I do have faith that we have the tools to — for this sector and for our regulators to be able to absorb.

But, you know, this is what we know today. But we do know that our banking system is in a fundamentally different place.

Reporter: No worries about the contagion effect?

CHAIR ROUSE: Again, we put in guardrails, which — and our regulators have much more visibility into the banking sector than they did a decade ago.

other clips of this published longer video is here: https://youtu.be/pDRLMRBlgFc
Q: confidence in the banking system? A: we put in guardrails