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STATEMENT ON LEADER JEFFRIES MEETING WITH SAN FRANCISCO FED

Statement

Date: March 16, 2023
Location: Washington, DC
Issues: Finance and Banking

Statement from Jeffries spokesperson Christie Stephenson following the Leader's meeting with the Federal Reserve Bank of San Francisco:

"Over the last several days, Democratic Leader Jeffries has been monitoring the failure of Silicon Valley and Signature Banks in close coordination with the relevant federal and state regulators. The banking system remains resilient and Americans can have faith their deposits will be there when they need them.

Today, the Leader met with officials at the Federal Reserve Bank of San Francisco to discuss the latest developments in the banking situation. House Democrats, under the leadership of House Financial Services Committee Ranking Member Maxine Waters, await the findings of the ongoing Federal Reserve review into the matter and look forward to working on a bipartisan basis to strengthen guardrails to further protect consumers."


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