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Fed chair says bank accounts ‘safe’ despite Trump teardown of CFPB

Summary by NY1
Powell testified before the Senate Banking Committee on Tuesday.

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News & RecordNews & Record

Fed chair says bank accounts 'safe'

US ECONOMY

·Cherokee County, United States
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WISH-TVWISH-TV

Fed chair assures U.S. bank accounts are safe despite Trump's regulatory shutdown

Fed Chair Jerome Powell assures Americans' bank accounts are safe despite Trump administration's shutdown of Consumer Financial Protection Bureau.

·Indianapolis, United States
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NY1NY1

Fed chair says bank accounts ‘safe’ despite Trump teardown of CFPB

Powell testified before the Senate Banking Committee on Tuesday.

·New York, United States
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Banker & TradesmanBanker & Tradesman
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Commercial RecordCommercial Record

Fed Chair Says Bank Accounts ‘Safe’ Despite Trump’s Teardown of CFPB

Jerome Powell, testifying before the Senate Banking Committee, said “bank accounts overall across the economy are safe” and backed by government deposit insurance.

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NY1 broke the news in New York, United States on Tuesday, February 11, 2025.
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