#shorts On 3/22/2023, a reporter asked White House Press Secretary Karine Jean-Pierre, “the Fed said today that financial upheaval stemming from the collapse of two major banks is likely to result in tighter credit conditions and weigh on economic hiring and inflation. Should Americans expect an economic slowdown because of the banking system?

MS. JEAN-PIERRE: … that — that — that the Chair — Chair — Chair Powell said, which was — and I quote — “Our banking system is sound and resilient, with strong capital and liquidity.” So, I’ll just leave it there. I won’t go beyond what he said.

other clips of this published longer video is here: https://youtu.be/1D3azWe3DIs
Q: Should Americans expect an economic slowdown because of the banking system? A: banking system is sound and resilient