President Joe Biden will stop at nothing to protect America against security threats posed by China, even if the actions he must take damage his own nation’s economy, US Treasury Secretary Janet Yellen has claimed. “National security is of paramount importance in our relationship with China,” Yellen said on Wednesday …
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Secretary of the Treasury Janet Yellen promised this week that the United States’ inflation outlook remains under control. “I don’t think we’re about to lose control of inflation,” she told CNN. What she didn’t say is that’s because it’s possible the Biden administration has already lost control of inflation, which …
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“We now estimate that Treasury is likely to exhaust its extraordinary measures if Congress has not acted to raise or suspend the debt limit by October 18,” Yellen wrote in a letter, released Tuesday, to House Speaker Nancy Pelosi (D-California) and other congressional leaders. Failure to raise the debt ceiling, …
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In a Wednesday letter to House Speaker Nancy Pelosi, Yellen warned default was coming sooner rather than later. Even the country’s emergency financial resources would be gone come October, she lamented. The US may be “unable to meet its obligations for the first time in our history,” Yellen wrote, adding …
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And lest amateur traders think they can take another run at the Wall Street establishment, Yellen and friends agreed on Thursday that the Securities and Exchange Commission (SEC) will need to quickly complete a study of the market tumult to find “whether trading practices are consistent with investor protection and …
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Yellen, whom President-elect Joe Biden chose as his nominee for Treasury chief in November, made more than $7.2 million in speaking fees from Wall Street banks and other large corporations in the past two years, Politico reported on Friday. Yellen, who stepped down as Federal Reserve Bank chairwoman in 2018, …
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