By Andrea Shalal and Susan Heavey FREDERICKSBURG, Virginia (Reuters) -The United States could see a significant response from China following any U.S. tariff actions, U.S. Treasury Secretary Janet Yellen said on Monday ahead of expected new tariffs targeting certain sectors this week. Yellen, speaking to reporters after a broadband event in rural Fredericksburg, Virginia, said […]
It’s official: Home prices are up nearly 5% year over year in every major U.S. city, according to a Redfin report released Thursday. Meanwhile, current mortgage rates are nearing the 8% peak from fall 2023. That deadly combination is making it “almost impossible” for first-time homebuyers to break into the U.S. housing market, Treasury Secretary […]
‘That is deranged’: Yellen ignites internet backlash after saying Americans ‘generally are better off’ Inflation impacts everyone by eroding the purchasing power of money. However, despite rising price levels in the U.S., Treasury Secretary Janet Yellen maintains that Americans are not worse off. During a recent House Ways and Means Committee hearing, Yellen stated, “People […]
WASHINGTON (AP) — Treasury Secretary Janet Yellen is arguing that a fractured democracy can have destructive effects on the economy — an indirect jab at Donald Trump. Yellen, in an address prepared for delivery Friday in Arizona, uses economic data to paint a picture of how disregard for America’s democratic processes and institutions can cause […]
Janet Yellen Says It’s ‘Almost Impossible’ For First-Time Homebuyers To Enter Housing Market Mortgage rates have been so low for so long that it’s created a lock-in effect where people don’t want to sell their homes to buy new ones for fear of losing their attractive rates. That’s made it “almost impossible” for first-time homebuyers […]
By Alessandra Galloni, David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Thursday that U.S. economic growth was likely stronger than suggested by weaker-than-expected data on first-quarter output and said the Biden administration was keeping all options open to respond to threats from China’s excess industrial capacity. In a […]
By Alessandra Galloni and David Lawder WASHINGTON (Reuters) -The Biden administration is not taking any options off the table to respond to China’s excess industrial capacity, which is a top concern for the U.S. and its allies, U.S. Treasury Secretary Janet Yellen told Reuters on Thursday. China exporting its way to full employment is not […]
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday that China’s massive investments in advanced manufacturing of clean energy goods have resulted in an unfair playing field that puts American workers and businesses at risk, and it needs to be mitigated. Yellen told reporters on the sidelines of […]
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday underscored the Biden administration’s commitment to provide Ukraine with the budgetary and military assistance it needs, while calling Republican delays in approving the aid inexcusable. Yellen made the comments after meeting with Ukrainian Prime Minister Denys Shmyhal and Finance […]
WASHINGTON (AP) — Treasury Secretary Janet Yellen warned Tuesday of potential global economic damage from rising tensions in the Middle East as the Biden administration said it was readying new sanctions in response to Iran’s malevolent activity in the region. Yellen spoke out against Iran’s “malign and destabilizing activity” in remarks ahead of this week’s […]
By David Lawder BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen hammered home a stern warning to China’s economic leaders that their overinvestment in factory capacity for clean energy goods is unacceptable throughout her four-day visit to Guangzhou and Beijing. She did it while appearing to charm her Chinese hosts this past week, but now comes […]
BEIJING (AP) — The Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with Chinese officials. She also said in Beijing they had “difficult conversations” about national security, including American concerns that Chinese companies […]