Janet Yellen

A week before the U.S. presidential election, U.S. Treasury Secretary Janet Yellen reiterated her arguments for the strength of the U.S. economy under the Biden administration.  “When President Biden and Vice President Harris took office, thousands of Americans were dying each day from COVID-...

The U.S. Treasury Department announced Friday a fresh wave of sanctions targeting Iran’s petroleum and petrochemical sectors, following Iran's second direct attack on Israel this year. This latest response aims to cut off a critical source of revenue for the Iranian government, a move...

If former President Donald Trump has his way, the Federal Reserve will leave rates unchanged ahead of the 2024 presidential election. That doesn't seem likely with investors and members of Congress anticipating a rate cut next week. What Happened: Trump recently said that presidents should have "at...

Amid concerns over the U.S. labor market, Treasury Secretary Janet Yellen has reassured the public about the economy’s resilience, despite recent weak job reports. What Happened: Yellen assured the public of the U.S. economy’s strength, despite recent weak job reports. Speaking at the...

Entrepreneur and investor Balaji Srinivasan — the former CTO of Coinbase Global Inc (NASDAQ:COIN) — recently offered several data points that underline the severity of the current debt situation in the U.S. The U.S. national debt load isn’t $35 trillion, he says in a blog post. It’s $...

Former President Donald Trump said on Thursday that presidents should "have at least a say" on monetary policy and interest rate decisions by the Fed. The comment signals the Republican presidential nominee’s potential interest to influence Fed policy in the event he wins the 2024 election...

A production surplus in China threatens to flood Western global markets with cheaper Chinese products that can displace local competition. According to an analysis by Foreign Affairs, Beijing's industrial policies have pushed the country to produce more than the world can take in. This puts China...

This week has been a rollercoaster ride for the financial world. From warnings of a potential market crash to a surge in small-cap stocks, the market has seen it all. The U.S. economy showed impressive strength, while predictions of soaring Bitcoin, gold, and silver prices added to the intrigue....

US Treasury Secretary Janet Yellen has strongly refuted allegations of manipulating the issuance of Treasury securities. These accusations were made by economist Nouriel Roubini who suggested that such manipulation was aimed at reducing real borrowing costs across the economy. What Happened: Yellen...

The U.S. Treasury Secretary, Janet Yellen, is under fire from Republican lawmakers who accuse her of manipulating Treasury debt auctions to stimulate the economy and enhance President Joe Biden‘s image. What Happened: Sen. Bill Hagerty (R-Tenn.), a potential nominee for the Trump cabinet,...

The equity market appears to be on track to build on gains, with the major index futures firmly in the green early Tuesday. Traders apparently are discounting a dovish message from Federal Reserve Chairman Jerome Powell on the first day of the semi-annual monetary policy testimony before Congress....

China has proposed a draft regulation to curb the expansion of its solar industry in response to global concerns about solar panel overcapacity. This move follows criticism from President Joe Biden, former President Donald Trump, and Treasury Secretary Janet Yellen. What Happened: The Chinese...

U.S. Treasury Secretary Janet Yellen expressed confidence in the American economy, dismissing the possibility of a recession and predicting that inflation will reach the Federal Reserve’s 2% target by next year. What Happened: Yellen, in an interview on Monday, stated that she does not see...

A new report outlines how President Joe Biden added $4.3 trillion to the national debt with seven months left in his term while his opponent, Ex-President Donald Trump, added $8.4 trillion to the U.S. national debt during his time in office. The Data: The non-partisan Committee for a Responsible...

Treasury Secretary Janet Yellen publicly criticized a proposal by former President Donald Trump to replace parts of the U.S. income tax with increased tariffs on imported goods. What Happened: Trump proposed the idea during a meeting with Republican lawmakers on Capitol Hill last week. The former...