The Latest Breaking News from Janet Yellen

Biden likely to move quickly in picking new World Bank leader.

David Malpass led lender through crises including the war in Ukraine but faced criticism over stance on climate change.

When US Secretary of State Antony Blinken this month called off his trip to Beijing, he chose his words carefully. China's launch of a spy balloon on a high-altitude journey over the United States was unacceptable and irresponsible, he said, but he was postponing -- not cancelling -- his visit.

When US Secretary of State Antony Blinken this month called off his trip to Beijing, he chose his words carefully. China's launch of a spy balloon on a high-altitude journey over the United States was unacceptable and irresponsible, he said, but he was postponing - not cancelling - his visit.

When U.S. Secretary of State Antony Blinken this month called off his trip to Beijing, he chose his words carefully. China's launch of a spy balloon on a high-altitude journey over the United States was unacceptable and irresponsible, he said, but he was postponing - not canceling - his visit.

U.S. Treasury Secretary Janet Yellen urged the World Bank to map out "bolder and more imaginative" steps on Thursday to address global challenges such as climate change even as it continues to aid individual developing countries.

The French and German economy ministers, Bruno Le Maire and Robert Habeck, kick off high-stakes talks with US officials Tuesday to underscore European concerns over President Joe Biden's ambitious climate action plan.

Bank of America CEO, Brian Moynihan, said now is not the time to start tweaking the 250-year-old Constitution.

“The country has been through a lot…But really we have a strong and resilient economy,” Yellen told ABC. “And inflation is coming down.”