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Janet Yellen Touts 'Robust' Economic Growth As Election Nears, Polls Show Voters Disagree
Tuesday, October 29, 2024 - 12:25pm | 595A 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-...
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US Hits Iran Oil Exports With New Sanctions After Israel Attack, Crude Oil Holds Steady At $75
Friday, October 11, 2024 - 3:59pm | 500The 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...
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Trump Says No Federal Rates Cuts Before 2024 Election, Republican Congress Members Say 'The Time Is Right'
Friday, September 13, 2024 - 3:57pm | 633If 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...
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Janet Yellen Predicts 'Soft Landing' For US Economy Despite Job Growth Concerns: 'We're Not Seeing Meaningful Layoffs'
Sunday, September 8, 2024 - 11:56pm | 569Amid 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...
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'True' US Debt Is $175 Trillion: Former Coinbase CTO On 'Unpayable' Crisis
Wednesday, August 14, 2024 - 9:48am | 1063Entrepreneur 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 $...
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Trump's Battle With Interest Rates: Did He Sway Fed Policy As President?
Monday, August 12, 2024 - 10:26am | 1046Former 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...
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China's Industrial Overcapacity Puts It In 'Doom Loop,' Western Markets Are At Risk: Analysis
Wednesday, August 7, 2024 - 5:36pm | 821A 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...
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Peter Schiff Warns Of Potential Market Crash, Small Cap Stocks See Major Investments And More: This Week In Economics
Sunday, July 28, 2024 - 7:30am | 584This 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....
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Janet Yellen Rejects Economist Roubini's And Trump-Era Official's Claims Of 'Manipulation' In Treasuries: 'We Have Never, Ever Discussed Anything Of The Sort'
Friday, July 26, 2024 - 11:17pm | 532US 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...
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Trump Allies Slam Janet Yellen For Manipulating Treasury Debt Auctions To Improve Biden's Image
Friday, July 12, 2024 - 9:39am | 565The 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,...
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US Stocks Set For Positive Start As Jerome Powell Heads To Capitol Hill: Analyst Flags This As 'Turbo Boost' That Market Is Waiting For
Tuesday, July 9, 2024 - 7:30am | 1232The 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....
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After Trump, Biden And Yellen's Criticism, China Proposes Rules To Cut Down On Solar Panel Overcapacity
Tuesday, July 9, 2024 - 4:20am | 542China 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...
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Janet Yellen Says 'Inflation To Come Down' To 'Fed's 2% Target' By 2025, Dismisses Possibility Of US Recession
Monday, June 24, 2024 - 9:29pm | 694U.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...
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Trump Added Nearly Two Times More To The National Debt Than Biden While In Office: New Report
Monday, June 24, 2024 - 12:46pm | 515A 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...
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Janet Yellen Dismisses Donald Trump's Proposal To Replace Income Tax With Tariffs: 'The Impact Would Be To Make Life Unaffordable ...'
Sunday, June 16, 2024 - 5:02pm | 452Treasury 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...