US Treasury Secretary Janet Yellen has denied that the American economy is in recession, even though a report this week may confirm it by the most common definition, saying the nation is instead going through a “necessary and appropriate” slowdown. Yellen defended President Joe Biden’s economic policies in an NBC News interview …
Read More »A full recession in the US is not “at all inevitable” despite an economy that is slowing down, Treasury Secretary Janet Yellen claimed on ABC’s This Week program on Sunday. “As the labor market has recovered and we have reached full employment, it’s natural now that we expect to transition …
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US sanctions against Russia are having a “huge” impact on the rising food and energy prices at home, Treasury Secretary Janet Yellen has conceded. Yellen was asked during the New York Times’ DealBook DC Policy Forum on Thursday if already soaring US gas prices would continue to increase. “It’s unlikely …
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The Group of Seven (G7) countries, represented by their respective finance ministers and central bank governors, on Thursday discussed the creation of a cartel of buyers in order to control the price of Russian oil. This was announced by US Treasury Secretary Janet Yellen in comments to reporters between G7 …
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US Treasury Secretary Janet Yellen on Wednesday confirmed that Washington was unlikely to extend an exemption that allows Russia to make bond payments on its sovereign debt. “The expectation was that it was time-limited,” Yellen said at a press conference in Bonn, Germany. She was referring to the waiver that’s …
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President Joe Biden’s Treasury secretary, Janet Yellen, has made an economic case for ensuring that all Americans have access to abortion services, arguing that half a century of allowing women to terminate their pregnancies has increased participation in the labor force. “I believe that eliminating the right of women to …
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She was called by some “Joe Biden’s most dangerous nominee.” Saule Omarova, the president’s pick for one of the US Treasury’s top posts, was born and raised in Kazakhstan back in 1966 when that nation was part of the former Soviet Union. From the word go, her views on banking and …
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Wally Adeyemo, the Biden administration’s second-highest official in the Treasury Department, appeared to publicly blackmail the still-sizable portion of Americans who have not been vaccinated against Covid-19 during a Thursday ABC interview, seemingly blaming them for the ongoing shortages of consumer goods that have led many to mock the president …
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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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“The Treasury is committed to facilitating the flow of humanitarian assistance to the people of Afghanistan and other activities that support their basic human needs,” Andrea Gacki, director of the department’s Office of Foreign Assets Control, said in a statement on Friday. Though US sanctions on the Taliban remain in …
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