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The Latest Breaking News from Janet Yellen

Security comes first in U.S.-China economic relations, says Treasury Secretary Yellen

Still, U.S. and China need to work together on issues like climate change and debt relief.

WEKU

Yellen's new strategy in U.S.-China economic diplomacy

Tensions between the U.S. and China shouldn't stand in the way of a constructive economic relationship, U.S. Treasury Secretary Janet Yellen said Thursday.

Axios

US seeks 'constructive and fair' economic ties with China: Yellen

Washington (AFP) - The United States seeks a "constructive and fair economic relationship" with China, even as Washington holds firm in defending the country's national security, Treasury Secretary Janet Yellen said Thursday.

AFP

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Yellen calls for better US-China relations as tensions rise

Treasury Secretary Janet Yellen will strike a conciliatory tone when she talks about U.S.-China relations

The Independent UK

Commentary: Biden’s stall tactics won’t fix the federal government’s finances or bring down inflation

If you listen to Treasury Secretary Janet Yellen or President Joe Biden, it sounds like the country will implode if Congress fails to raise the debt ceiling in a couple months. But Biden’s words don't match his actions.

Tribune News Service

Janet Yellen says the U.S. can avoid recession—and thanks the bank crisis

Last month's bank crisis could be a "substitute" for further interest rate hikes by the Fed that might trigger a recession.

Fortune

Slow start on World Bank reform angers climate-hit countries

World Bank meetings in Washington were supposed to be a first step in a new era of affordable loans for developing nations hard hit by climate change

The Independent UK

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Yellen says sanctions may risk hegemony of US dollar

Washington (AFP) - Economic sanctions imposed on Russia and other countries by the United States put the dollar's dominance at risk as targeted nations seek out an alternative, Treasury Secretary Janet Yellen said Sunday.

AFP

Ukrainian PM says critical to start reconstruction in 2023

Ukrainian Prime Minister Denys Shmyhal on Thursday welcomed the "continuous, ironclad and unprecedented support" of the United States as his country fights Russia's invasion, and underscored Ukraine's commitment to battling corruption.

Reuters

New India-born World Bank chief: Real change or rebranding?

The incoming president of the World Bank was born in India and had his early success in business there

The Independent UK

World Bank members endorse moves to boost lending by $50bn over decade

Washington (AFP) - World Bank member countries have endorsed measures allowing a $50 billion lending boost over the next decade, its outgoing president David Malpass said Wednesday.

AFP

Zelenskyy calls for confiscating Russian Central Bank funds

Ukraine’s president is renewing his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine

The Independent UK

'The situation is quite fragile': The IMF just issued its weakest outlook for the world economy in 3 decades

The IMF is worried about a “hard landing,” with sticky inflation meaning the odds of a recession have “risen sharply.”

Fortune

No evidence yet of credit crunch after banking turmoil: Yellen

Washington (AFP) - US Treasury Secretary Janet Yellen said Tuesday that she has not seen evidence of a contraction in credit, despite fears that households and firms could have a tougher time borrowing after recent banking sector turmoil.

AFP

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AFP

'Room for improvement' in global debt restructuring: Yellen

Washington (AFP) - US Treasury Secretary Janet Yellen said on Tuesday there remains "considerable room for improvement" in the global debt restructuring process, as world leaders convene in Washington this week for key meetings.

The Street

Elon Musk Says Warren Buffett Would Be Great for This Job

The CEO of Tesla says legendary investor would be his choice for the U.S. Secretary of the Treasury.

Axios

First look: Yellen's cautious optimism on the economy

The Treasury secretary's glass-half-full outlook isn't shared by IMF chief.

The Street

Elon Musk Picks Warren Buffett for This Government Job

The CEO of Tesla says legendary investor would be his choice for the U.S. Secretary of the Treasury.

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AFP

World Bank, IMF spring meetings get underway in complex economic environment

Washington (AFP) - The World Bank and International Monetary Fund's spring meetings kick off this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability.

The Street

Elon Musk Proposes a Surprise Job for Warren Buffett

The CEO of Tesla says legendary investor would be his choice for the U.S. Secretary of the Treasury.

AFP

World Bank, IMF spring meetings to get underway in complex economic environment

Washington (AFP) - The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability.

Asharq Al-Awsat

US Treasury: World Bank Could Lend $50b More Over Decade With Reform

The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders' meetings next week where key changes are expected to be announced. Central bankers, finance ministers and participants from more than 180 member countries…

The Guardian - UK

Are there brighter prospects than at the last IMF meetings? Only just

October saw the UK chancellor in the dock. Now the US’s Yellen will face flak over green subsidies and banking security

AFP

World Bank could lend $50bn more over decade with reform: Yellen

Washington (AFP) - The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders' meetings next week where key changes are expected to be announced.

Reason

New Mexico Cops Fatally Shoot Homeowner After Showing Up at the Wrong House

Plus: Los Angeles sues journalist who published police photos, IRS releases $80 billion budget plan, and more...

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