Name: House Asks Fed to Test US Banks for China War Fallout
Uploaded: 2023-12-15T06:08:29.000Z
Description: Can American banks take the cost of suddenly losing the Chinese market if Beijing chooses to invade Taiwan? One House panel is asking the Federal Reserve to test out what would happen.

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Can American banks take the cost of suddenly losing the Chinese market if Beijing chooses to invade Taiwan? One House panel is asking the Federal Reserve to test out what would happen.

In a Tuesday report, the House Select Committee on China said the Fed should be required to perform stress tests on U.S. banks. It also said the agency should get a sense of what impacts a war could have on U.S. financial markets.

Andrew Thornebrooke, a national security correspondent for the Epoch Times, weighs in on the move. More on his remarks in our second half.

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