President Biden nominates 1st Native American US treasurer A Native American has been nominated to be U.S. treasurer, a historic first The Independent UK · Jun 21, 2022
Yellen Says US in Talks with Allies to Cap Russian Oil Price The United States is in talks with allies to further restrict Russia's oil revenues by capping the price it would get for its crude, US Treasury Secretary Janet Yellen said during a visit to Canada on Monday. "We are continuing to have productive conversations with our partners and allies around… Asharq Al-Awsat · Jun 21, 2022
Yellen, Canada's Freeland present united front on Ukraine, economic challenges U.S. Treasury Secretary Janet Yellen met with Canadian Finance Minister Chrystia Freeland on Monday, pledging cooperation on issues ranging from sanctions against Russia to increasing energy production and strengthening supply chains. Reuters · Jun 20, 2022
Heathrow asks airlines to cancel 10% of flights, as easyJet cuts summer schedule – as it happened UK travel chaos deepens The Guardian - UK · Jun 20, 2022
Yellen says high inflation locked in for the rest of 2022 WASHINGTON — Treasury Secretary Janet Yellen said that “unacceptably high” prices are likely to stick with consumers through 2022, and that the U.S. economy is likely to slow down. Tribune News Service · Jun 19, 2022
Yellen says US recession not ‘inevitable’ but expects ‘economy to slow’ Treasury secretary says ‘inflation unacceptably high’ and it is Biden’s ‘top priority to bring it down’ The Guardian - US · Jun 19, 2022
Yellen: Recession not inevitable, gas tax holiday weighed Treasury Secretary Janet Yellen says she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable The Independent UK · Jun 19, 2022
U.S. gas tax holiday is "worth considering," Janet Yellen says "Gas prices have risen a great deal and it's clearly burdening households." Axios · Jun 19, 2022
Why some of the country's top CEOs fear a recession is coming The Fed will continue raising interest rates this week as inflation continues to soar. Some CEOs worry the fight to bring prices under control could end up sparking an economic downturn. WEKU · Jun 14, 2022
India, China growing markets for shunned Russian oil India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow as the U.S. and other Western countries cut their energy imports from Russia in line with sanctions over its war on Ukraine The Independent UK · Jun 13, 2022
Former Treasury secretary warns recession is ‘more likely than not’ in next two years Larry Summers took issue with current Treasury Secretary Janet Yellen’s assessment of recession risk The Independent UK · Jun 12, 2022
Climate crisis is ‘battering our economy’ and driving inflation, new book says Climatenomics lays out how ‘supply chain disruptions’ has become a euphemism for the effects of climate change The Guardian - US · Jun 11, 2022
Cutting tariffs on Chinese goods benefit China, U.S. and world: Chinese ministry Removing all additional tariffs on Chinese goods would benefit China, the United States and the world, China's commerce ministry said on Thursday, after U.S. Treasury Secretary Janet Yellen said the Biden administration was looking to "reconfigure" tariffs. Reuters · Jun 9, 2022
Yellen says Biden team is looking to ‘reconfigure’ China tariffs U.S. Treasury Secretary Janet Yellen said the Biden administration is looking to “reconfigure” tariffs imposed on Chinese goods under former President Donald Trump to make them more “strategic.” Tribune News Service · Jun 8, 2022
The Independent UK · Jun 8, 2022 Worry about stagflation, a flashback to '70s, begins to grow Stagflation
ABC News · Jun 7, 2022 Janet Yellen says US inflation at 'unacceptable levels', ASX rises but banks make big losses on rate hikes The US Treasury secretary says North America is facing unacceptable levels of inflation. Meanwhile, the ASX regains some ground lost in yesterday's super-sized interest-rate-rise-fuelled rout, but the banks see their worst day in a year. Australian dollar rises on the RBA's super-sized interest rate increase.
Tribune News Service · Jun 7, 2022 Janet Yellen warns inflation is likely to stay high Treasury Secretary Janet Yellen told US lawmakers peppering her Tuesday with questions about the surge in the cost of living that inflation is likely to stay high and that she ought not to have termed big price increases as “transitory” last year.
The Guardian - US · Jun 7, 2022 Janet Yellen tells Congress US faces ‘unacceptable levels of inflation’ Treasury secretary admits she regrets describing inflation as ‘transitory’ and says it is ‘top economic problem at this point’
The Independent UK · Jun 7, 2022 Yellen: inflation to 'remain high;' hopes it's 'coming down' Treasury Secretary Janet Yellen has acknowledged that she and Federal Reserve Chair Jerome Powell “could have used a better word” than transitory when describing the expected run of inflation in the U.S. economy
Axios · Jun 7, 2022 Yellen says U.S. faces "unacceptable levels" of inflation Yellen made waves last week by admitting that she had been "wrong about the path inflation would take."
The Independent UK · Jun 7, 2022 Treasury Secretary Yellen says US faces ‘unacceptable levels of inflation’ Yellen says president’s proposed spending legislation could help lower costs for Americans, including for prescription drugs and clean energy initiatives
Tribune News Service · Jun 7, 2022 Ramesh Ponnuru: The Fed risks future pain if it fails to curb inflation today A consensus has formed that the Federal Reserve waited too long to start tightening money. Ben Bernanke, the former Fed chairman, has said so. Janet Yellen, another former chairman who now serves as Treasury secretary, has implicitly agreed, saying that she, like many other observers, underestimated how high inflation would…
Bangkok Post · Jun 6, 2022 'Friend-Shoring' Might Be Bad for Global Growth and Inflation As geopolitical tensions rise, Western governments have urged international companies to shift more business to friendly countries. Some critics think that could split the global economy into hostile camps, hurting growth and worsening inflation.
Asharq Al-Awsat · Jun 6, 2022 Russia Sanctions US Treasury and Energy Secretaries, Defense and Media Executives Russia has imposed personal sanctions on 61 US officials including Treasury Secretary Janet Yellen and Energy Secretary Jennifer Granholm and leading defense and media executives, the Russian foreign ministry said on Monday. The ministry said it had imposed personal sanctions, which ban those named from entering Russia, in retaliation for…
Reuters · Jun 6, 2022 Russia sanctions U.S. Treasury and energy secretaries, defence and media executives Russia has imposed personal sanctions on 61 U.S. officials including Treasury Secretary Janet Yellen and Energy Secretary Jennifer Granholm and leading defence and media executives, the Russian foreign ministry said on Monday.