Atlanta Fed President Bostic Says Deposit Insurance Limits Structured Around The Needs Of Families, Not For Businesses; The Limits For Business Deposit Insurance Should Not Be The Same As Households
Portfolio Pulse from Benzinga Newsdesk
Atlanta Fed President Bostic stated that deposit insurance limits are structured around the needs of families, not businesses, and that limits for business deposit insurance should not be the same as households.
May 22, 2023 | 4:13 pm
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Atlanta Fed President Bostic's statement on deposit insurance limits may lead to discussions on regulatory changes, but it is unlikely to have a direct short-term impact on the broader market.
Atlanta Fed President Bostic's statement highlights the need for different deposit insurance limits for businesses and households. While this may lead to discussions on potential regulatory changes, it is unlikely to have a direct short-term impact on the broader market, as it does not directly affect market fundamentals or investor sentiment.
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