US Treasury Secretary Janet Yellen and Chinese Premier Li Qiang expressed hope for improved bilateral relations. Yellen emphasized the need for direct and open communication to move the relationship forward. Both countries agreed to hold talks on balanced growth under an existing working group. At the start of their Sunday meeting in Beijing, US Treasury … 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
Joe Biden’s administration reviewed the removal of some tariffs on China and a possible pause on the federal gas tax. Top officials say the U.S. struggles to tackle soaring gasoline prices and inflation. Janet Yellen says some tariffs served “no strategic purpose” under Donald Trump. President Joe Biden’s organization is inspecting the evacuation of certain … 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
Yellen said the U.S. is dealing with “unacceptable levels of inflation,” but that she hoped price hikes would soon begin to subside. The Biden administration would likely increase the 4.7% inflation forecast for this year in its budget proposal. U.S. Depository Secretary Janet Yellen advised legislators on Tuesday that she anticipated that expansion should stay … Read more
The United States is not likely to fall right into a recession as hobby fees upward thrust to fight hovering inflation, the American treasury secretary said Wednesday, while warning of the dangers for Europe following the invasion of Ukraine. “I honestly don’t count on the USA to fall right into a recession,” Janet Yellen stated … Read more
Who can manage economy and crime better? Republicans or Democrats; Americans say.. Americans trust Republicans more than Democrats to oversee key regions like the economy and crime rate, another survey proposed on Sunday. Half of the electors likewise said they’d lean toward Republicans to deal with expansion, as indicated by the ABC News/Washington Post study, … Read more
A European ban on Russian oil and fuel imports should have unintentional financial effects, US Treasury Secretary Janet Yellen said Thursday. Major European countries consisting of Germany have faced calls to stop shopping for power from Russia and starve its financial system of sales in retaliation for its invasion of Ukraine, which has sent greater … Read more
US Treasury Secretary Janet Yellen warned on Tuesday that rising food prices, which have been pushed even higher by Russia’s invasion of Ukraine, could push upwards of 10 million people into poverty. Moscow’s invasion of its neighbor, as well as the West’s punitive sanctions, which began in late February, has prompted a jump in crude … Read more
US Treasury Secretary Janet Yellen warned Rising food charges which have been driven even higher through Russia’s invasion of Ukraine could pressure upwards of 10 million humans into poverty, on Tuesday. Moscow’s invasion of its neighbor and retaliatory sanctions imposed by the West starting in past due February have brought on a spike in crude … Read more
TOKYO: The Treasury Department stated that US Treasury Secretary Janet Yellen will meet with her Japanese counterpart Shunichi Suzuki on the sidelines of the Group of 20 finance leaders’ summit in Washington. The meeting is scheduled for later this week. Following a severe depreciation in the yen, authorities in both nations agreed late last month … Read more
WASHINGTON: US Treasury Secretary Janet Yellen says “some global fallout” would result if the West moves ahead with the punishing, coordinated sanctions threatened against Russia, should it attack Ukraine. If the penalties are imposed, “of course, we want the largest cost to fall on Russia,” Yellen said in an interview. “But we recognise that there … 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
