U.S. President Joe Biden speaks next to Treasury Secretary Janet Yellen while receiving the weekly economic briefing in the Oval Office at the White House in Washington, U.S., April 9, 2021. REUTERS/Kevin Lamarque

WASHINGTON, June 21 (Reuters) – Financial regulators assured President Joe Biden on Monday that the U.S. financial system is in good shape and that financial risks are being mitigated by strong liquidity in the banking system, the White House said.

White House officials said Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, and acting Comptroller of the Currency Michael Hsu, as well as the heads of the Commodity Futures Trading Commission, Securities and Exchange Commission, and the Consumer Financial Protection Bureau, were among those who met Biden.

The meeting was Biden’s first face-to-face encounter with many of the leading federal regulators of the banking industry and financial markets, including…

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