Yellen says U.S. banks may tighten lending and eliminate need for further rate hikes

David Lauder

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen Banks are likely to become more cautious and may tighten lending further after recent bank lending failures, potentially negating the need for further rate hikes by the Federal Reserve, the bank said. Yellen said in an interview with “Fareed Zakaria GPS” that policy actions aimed at stemming systemic The collapse of Silicon Valley Bank and 2511 Signature Bank