By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will join finance officials from the Group of 20 major economies for meetings in Sao Paolo, Brazil next week, and then travel on to Santiago, Chile for bilateral engagements, the Treasury said on Wednesday. The G20 meetings come days after the second anniversary of […]
Most everyone understands the U.S. national debt is not on a long-term sustainable path, but no one seems sure when the breaking point might be for real-world consequences. In a recent “60 Minutes” interview, Federal Reserve Chairman Jerome Powell brought up the elephant in the room, stressing that it’s now “time, or past time, to […]
By Andrea Shalal DETROIT (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that recent consumer price inflation data was “a tad higher” than expectations, but Americans should focus on longer-term declines in inflation trends and a strong economy and rising wages. “I think it is a tremendous mistake to focus on minor fluctuations and […]
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that consumer price index data for January showed progress in the fight against inflation despite a surge in the cost of shelter that pushed up the index more than was forecast by economists. Yellen, in prepared remarks for an event at a Pittsburgh hospital, […]
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to battleground states of Pennsylvania and Michigan this week as part of an election-year push aimed at showcasing what she calls “the strongest economic comeback of our lifetimes.” Yellen will visit Pittsburgh on Feb. 13 and Detroit on Feb. 14 for events […]
(Bloomberg) — Treasury Secretary Janet Yellen said US regulators are monitoring risks stemming from nonbank mortgage lenders, and cautioned that a failure of one of them is possible in the case of market strains. Most Read from Bloomberg “FSOC is very focused on that because nonbank mortgage companies lack access to deposits, which banks have,” […]
It’s not just the Federal Reserve that’s worried about the downfall of commercial real estate and its reverberating effects on the economy and business. Treasury Secretary Janet Yellen told lawmakers on Tuesday she’s “concerned” about the deadly combination of high interest rates and vacancy rates on the commercial real estate market. These factors will “put […]
By David Lawder CHICAGO (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday drew a stark contrast between President Joe Biden‘s economic policies and those of former President Donald Trump, saying that Biden’s approach has produced the “fairest recovery on record” and will reap more benefits for the middle-class. Two days after Trump tightened his grip […]
By David Lawder CHICAGO (Reuters) – U.S. President Joe Biden‘s second-term economic agenda will focus heavily on “tax fairness” that makes wealthy people and corporations pay more, and will likely revisit unrealized funding for child care and other workforce expansion programs, Treasury Secretary Janet Yellen said on Thursday. Yellen, who is in Chicago to tout […]
WASHINGTON (AP) — Embargoed until Thursday at 1:35 pm EST Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration’s economic agenda and offer a reminder about the Trump administration tax cuts, which she says added to the deficit and did little to promote […]
WASHINGTON (AP) — Treasury Secretary Janet Yellen is pushing back against Republican criticism of the Democrats’ big coronavirus pandemic response package and making an election year pitch that the current state of the U.S. “vindicates” the steps taken in 2021 to “get our economy back on track.” With falling inflation, unemployment at 3.7% and the […]
WASHINGTON (AP) — Treasury Secretary Janet Yellen is announcing that 100,000 businesses have joined a new database that collects “beneficial ownership” information on firms as part of a new government effort to unmask shell company owners. Yellen, in remarks prepared for delivery Monday, says the new Treasury database that is collecting beneficial ownership information sends […]