Page 2 - Janet Yellen

US, China vow to prevent competition from becoming 'conflict': Janet Yellen

The Chinese economy is reopening after a Covid-19 resurgence killed tens of thousands of people and shuttered countless businesses

Janet Yellen: For the people

Two recent biographies offer insights into the life and work of the US Treasury Secretary. One is a tad more absorbing than the other

What is friendshoring?

US treasury secretary Janet Yellen, who was in New Delhi recently, said the US will pursue the 'friend-shoring' approach with trusted allies like India. But what is 'friend-shoring'? Let's find out

To globalise or not: Everything you need to know about friendshoring

In her visit to India last week, treasury secretary Janet Yellen said that the US is pursuing an approach called "friendshoring"

Janet Yellen's visit reflects profoundness of US-India relationship: USISPF

US Treasury Secretary Janet Yellen's visit to India reflects the profoundness of bilateral ties, US India Strategic and Partnership Forum said on Saturday, asserting that the strong commercial relationship has fructified due to the shared democratic outlook and strong people-to-people contacts. In her first visit to India as Secretary of the Treasury, Yellen on Friday termed India as an "indispensable partner to the US" and called for further strengthening trade and investment between the two nations. Secretary Yellen's visit to India, shortly after meeting her counterpart Finance Minister Sitharaman in Washington a few weeks ago, reflects the profoundness of the relationship and the deep collaboration that exist between various ministries, beyond the principal and Foreign Minister and Secretary of State level meetings, USISPF president Mukesh Aghi said. Both Secretary Yellen and Finance Minister Nirmala Sitharaman have used this august forum in the US-India Economic and Financial .

India can buy as much Russian oil as it wants, outside price cap: Yellen

The cap would still drive global oil prices lower while curbing Russia's revenues, Yellen said in an interview with Reuters on the sidelines of a conference on deepening U.S.-Indian economic ties

Sitharaman, Yellen urge bilateral cooperation amid geopolitical uncertainty

Visiting US official speaks about 'shared goals' on climate change, debt burden of developing countries

Need high regulatory standard globally to deal with crypto risks: Yellen

US Treasury Secretary Janet Yellen on Friday said there is a need for a high regulatory standard globally to deal with risks related to cryptocurrencies. The United States has made a good deal of progress at least in dealing with the issues of illicit finance in connection with cryptocurrencies, she said here. She was participating in a roundtable interaction on India-US Business & Economic Opportunities with top business leaders and eminent economists from both the countries. "We need a high regulatory standard globally, we need to take steps to reduce the cost of cross-border payments and we are very actively working in the context of financial stability with Financial Action Task Force and multilateral banks like IMF to really address on global basis the risks and some of the benefits from cryptocurrencies," she said. International collaboration is really important among public authorities, private sector and other stakeholders, she added Finance Minister Nirmala Sitharaman has

'Debt distress, climate action to be challenges for India as G20 President'

"All major bilateral creditors, including China, must cooperate constructively to deliver on their G20 commitment to provide meaningful debt relief, " US Treasury Secretary Janet Yellen said.

'US looking forward to support India's G20 presidency': Janet Yellen

The 2022 G20 Summit will take place under the presidency of Indonesia in Bali between November 15 and 16

Visiting India at a pivotal moment for global economy: US Treasury Secy

"Emerging markets and developing countries are particularly under pressure. Tens of millions more people face extreme poverty and hunger since Russia's war in Ukraine began."

India-US EFP: Treasury Secy Janet Yellen visiting India to bolster ties

Yellen's visit is aimed at bolstering US-India economic ties

Great potential for India-US trade to grow: Treasury Secretary Janet Yellen

Asserting that India and the United States share a strong bilateral relationship, US Treasury Secretary Janet Yellen has said there is a great potential for the trade to grow between the two countries that will benefit their working people. She also said the US and India have a strong belief in democratic values and a commitment to upholding the rules-based international order, especially at this time of geopolitical risks. We have a very strong bilateral relationship with India. I expect we will discuss efforts to strengthen the resilience of supply chains, issues pertaining to climate change, our great global climate ambition and climate finance, Yellen told PTI in an exclusive interview on Monday. We certainly hope to deepen our trade relationship. We think there's great potential to grow our trade in ways that will benefit the working people of both of our countries, said the Treasury Secretary, who is headed to India later this week to participate in the US-India Economic and .

India will 'benefit' from price cap on Russian oil: US Treasury Secretary

India will "benefit" from the proposed price cap on oil, Treasury Secretary Janet Yellen has said, arguing that the United States does not want Russia to "profit unduly" from the war by enjoying prices that are essentially very high due to its Ukrainian invasion. Developing countries like India and China have been increasingly buying discounted Russian oil as global energy prices remain high and Western nations seek to scale down their reliance on Russian energy. We want Russian oil to continue to supply global markets; stay on the market. But we want to make sure that Russia doesn't profit unduly from the war by enjoying prices that are essentially very high due to the war, Yellen told PTI in an exclusive interview on Monday ahead of her trip to India later this week. India's oil purchase from Russia and the Ukrainian invasion is expected to be significant topics of discussion during her India trip, where Yellen is travelling to primarily co-chair the US-India Economic and Financia

Treasury Secretary Yellen to visit India to deepen US-India economic ties

US Secretary of the Treasury Janet Yellen will visit India to participate in the US-India Economic and Financial Partnership on November 11 and discuss how the two countries can work together to deepen their economic ties, according to an official announcement here on Friday. In New Delhi, Yellen will highlight the strength of America's partnership with India, which continues to deepen, the Treasury said in a statement. Yellen will meet with technology sector leaders and visit the Microsoft India Development Centre, where she will deliver remarks on the United States' economic partnership with India, it said. She would also hold a bilateral meeting with Union Finance Minister Nirmala Sitharaman. Following the US-India Economic and Financial Partnership (EFP) dialogue, Yellen will join Sitharaman for a fireside discussion with executives from major Indian companies and American companies operating in India. To conclude the day, Yellen and Sitharaman will sign a joint statement on

US treasury secy Janet Yellen to visit India on Nov 11 for EFP dialogue

Yellen will meet with tech sector haeds, visit Microsoft India Development Center, and hold a bilateral meeting with FM Sitharaman

Yellen says US economy 'resilient' amid global headwinds; pledges vigilance

US Treasury Secretary Janet Yellen sought on Wednesday to project confidence in the US financial outlook while pledging vigilance in responding to risks on the horizon. She is offering that message as global finance leaders gather in Washington to discuss the increasingly dismal view of the global economy. Our economy remains resilient in the face of global economic headwinds, Yellen said at a meeting on the sidelines of this week's annual meetings of the International Monetary Fund and its sister lending agency, the World Bank. Her remarks to the Bretton Woods Committee's International Council crediting President Joe Biden's domestic policies for contributing to US economic strength came as administration officials try to talk up the president's policies ahead of midterm elections. Those elections will decide the balance of power in Congress and statehouses across the nation. Democrats with no margin for error are fighting to retain control of the House and Senate. Russia's ...

US-India relationship critical, says Janet Yellen in meet with Sitharaman

US Treasury Secretary Janet Yellen on Tuesday said that the India-America relationship is critical to address the world's global economic challenges.After her bilateral meeting with Finance Minister Nirmala Sitharaman on Tuesday evening, Secretary Janet Yellen announced that she would travel to India next month to attend the ninth edition of the US-India Economic and Financial Partnership."Finance Minister Sitharaman, I am pleased to welcome you back to the Treasury Department today. The US-India relationship is critical to addressing the world's most important global economic challenges. I am glad to announce today that in November ahead of the G20 meetings, I will take my first trip to India as Treasury Secretary, to attend the US-India Economic and Financial Partnership, our ninth Partnership meeting," Yellen said as quoted by the statement released by US Department of the Treasury.Underlining the importance of the economic ties between the two countries, the US Treasury Secretary

Sitharaman in US discusses global macroeconomic situation with Yellen

Union Finance Minister Nirmala Sitharaman on Tuesday in a meeting with her American counterpart Treasury Secretary Janet Yellen discussed a range of issues, including bilateral relationships, the global situation as well as India's upcoming G-20 Presidency. The two leaders discussed the current global macroeconomic situation among other issues of mutual interest, the Finance Ministry said after the meeting. The two ministers also discussed various issues of significance with a view towards India's upcoming G-20 Presidency. Sitharaman during the meeting invited Yellen to India to attend the US-India Economic and Financial Partnership meeting in New Delhi on November 11. This will be her first visit to India as Treasury Secretary. Describing it as a substantive meeting India's Ambassador to the US, Taranjit Singh Sandhu, said: Deepening bilateral economic partnership and cooperation in multilateral forums discussed.

US Treasury Secretary Janet Yellen to travel to India in November

US Treasury Secretary Janet Yellen here on Tuesday announced to travel to India next month to attend the ninth edition of US India Economic and Financial Partnership, asserting that the US-India relationship is critical to addressing the world's most important global economic challenges. I am glad to announce today that in November ahead of the G20 meetings, I will take my first trip to India as Treasury Secretary, to attend the US-India Economic and Financial Partnership, our ninth partnership meeting, Yellen told reporters at the top of her bilateral meeting with Union Finance Minister Nirmala Sitharaman. This partnership, she said, not only is vital to their core economic interests but also demonstrates to their citizens and the world that democracies deliver. It illustrates the close bonds between our two countries, from the Quad partnership to our strong bilateral economic relationship, and the cultural ties from the Indian diaspora in the US, she said. Sitharaman is on a ...