Yellen on US economy and the banking sector

In the speech 'Thoughts on the economy and the banking sector' given on 14 March, Janet Yellen of the San Francisco Fed said that regulators are worried that some banks are not well-positioned for "alternative scenarios" on movement of the yield curve or the timing of interest rate changes.

"There are a bunch of variables out there, so banks need to be concerned about both the level and slope of the yield curve," she said.

Banks are positioning for rising rates by shortening asset duration, but

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