Yellen's Experience Tested as Banking Crisis Looms.

Treasury Secretary Janet Yellen's decades of experience were put to the test as she worked to calm the U.S. economy during a developing banking crisis. Yellen assembled Federal Reserve officials, regulators, lawmakers, and Wall Street executives to ensure the survival of regional banks, including Silicon Valley Bank and Signature Bank. Yellen also had to assuage Republicans in Congress and respond to accusations that the Biden administration is bailing out risky banks. The crisis highlighted the need for stronger rules for banks to prevent future failures and tougher penalties for failed bank executives.