Menendez Questions Vice Chairman Barr On Whether Silicon Valley Bank Situation Posed 'Systemic Risk'
March 29, 2023
March 29, 2023
WASHINGTON, March 29 -- Sen. Robert Menendez, D-New Jersey, issued the following news release on March 28, 2023:
U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Banking, Housing, and Urban Affairs Committee, today questioned the Vice Chair for Supervision of the Federal Reserve System, Michael Barr, during a banking hearing on the recent bank failures and asked if the Silicon Valley Bank situation posed "systemic risk" to the economy.
"I . . .
U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Banking, Housing, and Urban Affairs Committee, today questioned the Vice Chair for Supervision of the Federal Reserve System, Michael Barr, during a banking hearing on the recent bank failures and asked if the Silicon Valley Bank situation posed "systemic risk" to the economy.
"I . . .