According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will not hesitate to punish Chinese companies that violate its Russian sanctions policy.
U.S. Ready to Shore up Its Financial System
The U.S. Treasury Secretary Janet Yellen said while her country’s financial system is still in good shape the United States government is still prepared to take “any necessary steps” to ensure it remains the most dominant, a report has said.
In her speech at the Johns Hopkins University’s School of Advanced International Studies, Yellen also touted the recent actions taken to shore up the financial system by U.S. authorities following the collapse of Silicon Valley Bank and Signature Bank. The comments by Yellen come amidst a growing chorus for the adoption of an alternative reserve currency.
As has been reported by Bitcoin.com News, several countries led by Russia and China are pursuing cross-border…