US official body recognizes AI’s potential dangers alongside benefits. Concerns raised about vulnerabilities to hackers and unreliable AI predictions. Treasury Secretary calls for cautious integration with existing financial regulations. Financial Stability Oversight Council (FSOC), the regulatory body established after the 2008 financial crisis, has officially recognized artificial intelligence (AI) as a risk to the U.S. … Read more
Expressing optimism about stabilizing the relations between the world’s two largest economies, Treasury Secretary Janet Yellen’s recent visit to Beijing indicates a potential shift in the US & China relationship. During an interview with National Public Radio’s Marketplace program, Yellen acknowledged the challenges between the two countries but emphasized the shared desire to address problems … Read more
U.S. Treasury Secretary Janet Yellen landed in Beijing on Thursday, commencing a four-day visit aimed at improving relations between the world’s two largest economies, although expectations are modest from both sides. Yellen received a low-profile welcome from a Chinese finance ministry official and the U.S. envoy to China, Nicholas Burns, as she disembarked a government … Read more
Treasury Secretary tells that US has hit its artificially imposed borrowing limit of $31.381 trillion. Extraordinary measures put a hold on contributions and redemptions. Analysts believe deal will be reached, but tensions are high between Biden and McCarthy. Treasury Secretary Janet Yellen informed congressional leaders that the United States has reached its debt ceiling and … Read more
U.S. Depository Secretary Janet Yellen said on Sunday. U.S. financial development is easing back and recognized. There was the gamble of a downturn, yet she said a slump was not inescapable. Janet Yellen, talking on NBC’s “Meet the Press”, major areas of strength for said. Employing numbers and customer spending. Showed the U.S. economy isn’t … Read more
US Treasury Secretary Janet Yellen told reporters on Monday that the United States might impose additional sanctions against North Korea. Any nuclear test by Pyongyang would be viewed as very provocative, she said. The comments were made while en route to Seoul for meetings with senior South Korean officials. SEOUL: US Treasury Secretary Janet Yellen … Read more
The two-day summit on the resort island of Bali began under the shadow of a war that has roiled markets, increased food prices, and spurred rapid inflation. Chrystia Freeland, a Canadian minister, told Russia’s delegation they were accountable for “war crimes” in Ukraine. BALI, Indonesia: A group of 20 finance ministers and central bank chiefs … Read more
U.S. Treasury Secretary Janet Yellen warns Russia’s war in Ukraine is the greatest threat to the global economy. Yellen urges G20 allies to set a price ceiling on Russian oil to choke off Putin’s war chest and pressure Moscow to cease its assault while lowering energy costs. BALI, Indonesia: US Treasury Secretary Janet Yellen warned … Read more
The meetings come as the yen is trading at 24-year lows. Yellen’s conversations will include her assessment of the U.S. The Bank of Japan is expected to raise its inflation forecast but maintain ultra-low interest rates. Janet Yellen, the U.S. Depository Secretary met with Bank of Japan Governor Haruhiko Kuroda on Tuesday, the Treasury Department … Read more
Janet Yellen was scheduled to visit the Port of Yokohama on Tuesday. Former Japanese Prime Minister Shinzo Abe was shot and killed on Friday. Secretary of State Antony Blinken is extending his trip to Asia to include a stop-over in Tokyo. Following the murder of former Prime Minister Shinzo Abe, U.S. Treasury Secretary Janet Yellen … Read more
The G7 democracies have had cordial and fruitful discussions with China and India regarding a plan to control the price of Russian oil. Russia’s crude sells at discounts of $30 to $40 per barrel compared to benchmark Brent crude prices of $110 to $120 per barrel. India and China have upped their purchases of Russian … Read more
Cecelia Rouse, director of Biden’s Council of Economic Advisers, says the bones of the U.S. economy are solid. The Fed last week implemented its third interest rate hike this year. Richmond Federal Reserve Bank President Thomas Barkin believes inflation concerns will be resolved soon. The American economy remains healthy, but a White House economist admitted … Read more
Dow Jones Industrial Average is up 1.7% after 30 minutes of the holiday-shortened week. &P 500, which entered a bear market earlier last week, jumped 2.4 percent to 3,762.17. Nasdaq Composite Index gained 2.9 percent to 11,108.56. Wall Street stocks began positive, as investors shrugged off recession and pandemic fears in order to benefit from … Read more
Treasury Secretary Janet Yellen says a recession is not “inevitable”. The comments come after the US Federal Reserve raised interest rates, stoking worries. Skyrocketing prices and supply-chain bottlenecks made worse by the conflict in Ukraine A US recession is not “inevitable,” Treasury Secretary Janet Yellen said on Sunday, only days after the US Federal Reserve … Read more
The US is considering reducing some of the harsh tariffs placed on China. Yellen told lawmakers the administration would provide more information. Tariffs on 100 of billion dollars in Chinese imports will expire in July. Treasury Secretary Janet Yellen said Wednesday that the US is considering reducing some of the harsh tariffs placed on China … Read more
“Treasury Secretary Janet Yellen admitted on Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” to describe the predicted run of inflation in the United States. “I do expect inflation to remain high although I very much hope that it will be coming down now,” Yellen told … Read more
Earlier this week, Biden’s Treasury Secretary Janet Yellen conceded she was ‘wrong’ about inflation. American Rescue Plan (ARP), which Biden signed into law in March 2021 “too much government money was flowing into the economy,” U.S. Treasury Secretary Despite a book suggesting she feared “too much government money was flowing into the economy,” U.S. Treasury … Read more
Some of the Trump-generation price lists imposed on China seem to harm consumers and organizations extra than address actual problems posed via the Asian large, US treasury secretary Janet Yellen said Wednesday because the Biden management mulls lifting the punitive duties. American tariffs on masses of billions of greenbacks of Chinese imports are due to … Read more
A cryptocurrency whose cost is supposed to be pegged to the dollar has misplaced half of its price this week, sparking panic in the already febrile international of crypto property. Terra UST, which is supposed to track at kind of $1 per coin, at one level changed into buying and selling at 30 cents on Wednesday earlier than … Read more
US Treasury Secretary, Janet Yellen said that ahe and other finance ministers, quit of G20 meeting on Wednesday, because it was “so offensive.” She said the meeting with Russia, included the common challenges faced by countries, yet, it cannot be a usual business with Russia. She departed along with European and other Western officials that … Read more
US Treasury Secretary Janet Yellen this week will call on her counterparts in essential economies to ramp up the economic pain on Moscow over its invasion of Ukraine, a senior respectable stated Monday. The fallout from the battle and the effect on the worldwide economic system might be key topics of dialogue for the duration … Read more
JAKARTA: Ahead of the two-day meeting of G20 finance ministers and central bankers scheduled to be held in Jakarta on Thursday, US Treasury Secretary, Janet Yellen, reportedly called on China to be ‘more active’ in the G20 debt relief efforts. Yellen said in an interview that the G20’s Debt Service Suspension Initiative (DSSI) ‘has not … Read more
WASHINGTON: Soaring US inflation rates are “not acceptable” but the health of the world’s largest economy is fundamentally sound thanks to policies that have mitigated the impact of the pandemic, Treasury Secretary Janet Yellen told AFP. Yellen conceded in an interview she is “concerned” about inflation running at its highest level in decades, and warned … Read more
WASHINGTON: Lowering tariffs imposed by the former Trump administration on Chinese goods could help ease some inflationary pressures, US Treasury Secretary Janet Yellen has said. Yellen made the remarks on Thursday at Reuters Next, a virtual global conference held from Wednesday to Friday, during which she said the tariffs of up to 25 per cent on … Read more
WASHINGTON: US Treasury Secretary Janet Yellen said on Monday she expects the current record-high inflation to ease, with monthly rates falling back to 0.2 per cent or 0.3 per cent in the second half of 2022. “I’m hoping and expecting in the second half of next year, to see monthly CPI (consumer price index) rates coming … Read more
