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The Latest Breaking News from Janet Yellen

Yellen calls on G20 to boost aid for food insecurity, offers debt freeze

U.S. Treasury Secretary Janet Yellen urged Group of 20 finance and agriculture ministers on Tuesday to take urgent steps to help the 70 million people at risk of acute food insecurity as a result of Russian President Vladimir Putin's war in Ukraine.

Reuters

U.S., allies aim to continue hammering Russia over its 'egregious' war in Ukraine -officials

Western governments plan to ratchet up pressure on Russia over its war in Ukraine, underscoring continued support for Ukraine when finance officials from around the world gather in Washington this week, senior U.S. officials said on Tuesday.

Reuters

Cutting oil output risks global economy, warns US Treasury secretary

Janet Yellen’s comments come as figures show business activity declining across most UK regions

The Guardian - UK

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World Bank chief says will keep 'intense' focus on addressing climate change

World Bank President David Malpass said on Friday that he was keeping an "intense" focus on the bank's efforts to address climate change and was embracing the U.S. Treasury's call to dramatically boost lending capacity to address this and other global problems.

Reuters

Top US regulators say crypto poses financial stability risks

Top regulators are recommending a series of new safeguards to ensure that a growing and unregulated cryptocurrency market doesn’t imperil U.S. financial stability

The Independent UK

Allies aim for risky Russian oil price cap as winter nears

U.S. officials celebrated at the start of September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash

The Independent UK

US announces ‘severe’ Russia sanctions over annexation in Ukraine

Joe Biden accuses Moscow of ‘trampling on the United Nations Charter’ as US targets hundreds in new sanctions package.

Al Jazeera

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Biden says US will not be intimidated by Putin’s ‘reckless words and threats’: ‘He’s not going to scare us’

‘America and its allies ... are not going to be intimidated by Putin and his reckless words and threats. He’s not going to scare us and he doesn’t intimidate us’

The Independent UK

Africa risks losing out on trade as rich countries cement relationships with trusted partners

Over the past few years, the world’s supply chains have been strained and disrupted by the COVID pandemic, Russia’s invasion of Ukraine, and rising geopolitical tensions. These started with the US-China trade war and then intensified following the war in Ukraine.

The Conversation

Harris, Yellen focus on community finance at Freedman Forum

Vice President Kamala Harris and Treasury Secretary Janet Yellen will host a forum to highlight how coronavirus pandemic relief dollars have helped support Black- and minority-owned businesses

The Independent UK

Memories of the 1970s haunt the Fed, pushing its aggressive rate moves

The Federal Reserve is cracking down hard on inflation, in hopes of avoiding a repeat of the 1970s, when price hikes were so sustained, they got baked in to people's thinking.

WEKU

Why tackling climate change means a stronger economy — according to Janet Yellen

Yellen says the Biden administration is emphasizing action on climate change to make a more resilient American economy. What does that look like for the future of infrastructure and spending?

WEKU

White House mulling potential Yellen departure after midterms

It would be the first and most consequential exit in a potentially broad reorganization of Biden's economic team.

Axios

Yellen warns inaction on climate could cause economic crisis

Treasury Secretary Janet Yellen is warning of economic calamity if climate change is not addressed with immediate government intervention

The Independent UK

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Benzinga

Elon Musk Says 'Activating Starlink' In Iran After US Eases Curbs On Internet Services To The Country

Iranians could soon regain access to the internet, which was blacked out by the government following the recent widespread protests in the country over the death of a woman held in police custody for violating a dress code.

The Independent UK

Yellen to visit North Carolina ahead of tight midterm races

Treasury Secretary Janet Yellen heads to the Durham, North Carolina, area next Tuesday as part of her ongoing national tour to promote the Biden administration’s legislative agenda ahead of midterm elections

The Independent UK

US sanctions Iranian morality police after woman's death

The U.S. government has imposed sanctions on Iran’s morality police after the death in custody of a woman who'd been accused of wearing her Islamic headgear too loosely

Axios

U.S. sanctions Iran's morality police over death of woman in custody

“We condemn this unconscionable act ... and call on the Iranian government to end its violence against women," Treasury said.

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The Independent UK

US has sent $8.28 billion in pandemic funds to local lenders

On the same day the Federal Reserve gave a sobering report on the U.S. economy’s trajectory, administration officials highlighted how they have kept some of the nation’s smallest businesses afloat through the pandemic

Reuters

U.S. senators want secondary sanctions on Russian oil

Democratic and Republican senators on Tuesday proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

Reuters

U.S. Treasury official criticizes China's 'unconventional' debt practices

A top adviser to U.S. Treasury Secretary Janet Yellen warned on Tuesday that China's foot-dragging on debt relief could burden dozens of low- and middle-income countries with years of debt servicing problems, lower growth and underinvestment.

The Guardian - UK

West wavers on Ukraine proposals to seize Russian assets as reparations

Exclusive: Ukraine lobbying UN and allies to clear legal path for extracting Russian compensation for war damage

The Independent UK

Treasury recommends exploring creation of a digital dollar

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar

The Independent UK

Yellen calls for modernized IRS at Maryland field office

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges

The Independent UK

Malerba sworn in as 1st Native American in US Treasurer post

Mohegan Chief Marilynn “Lynn” Malerba was sworn in Monday, becoming the nation’s first Native American to serve as U.S. Treasurer

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