Listen: U.S. banks clear first hurdle of Federal Reserve's annual stress test
"The Federal Reserve is giving a passing grade to America's banking system is evidence of slower economic growth piles up, and with that story. Here's Bloomberg's Vinny Del Giudice, make your banks clear to key hurdle in the annual stress test the financial system. The ability to withstand an economic shock Goldman Sachs and Morgan Stanley, both Trump higher grades. The Fed's vice chair for banking supervision. Randall coral says the results show, the financial system is resilient. That's his word resilient. The stress tests were introduced in the aftermath of financial crisis. Thank you to go and he chewed ice. Bloombergradio fed vice chair Richard Clarita says the argument in favor of cutting rates has strengthened recently as cross-currents buffet the US economy amid heightened uncertainty. His remarks came in an interview with Bloomberg television and radio. Well, I think that, that we really have uncertainty in the sense that there's always some geopolitical uncertainty, but there's also uncertainty about how the global economy navigate. That a point you know you have negative interest rates in the year zone and in Japan, those countries are or well away from where they want to be. And I think that is a factor as as well. And Laurie hinal is deputy chief investment officer at State Street global advisors. One of the things that was really good coming out of the fed is that they're not sounding any warning signals. It's not as though the economy is really turning over. So we actually think that some of the market movement obviously, in response to the federal this week is actually going to follow through as we see good economic data so down Friday with the s&p five hundred index falling for the first time this week for the week though the S and P five hundred index gained two point two percents. The SNP Laura by three down one tenth of one percent ending the week of twenty nine fifty. The Dow down thirty four down one tenth of one percent. Nasdaq down nineteen down two tenths of one"