Page 3 - Janet Yellen

OPEC oil cuts bad for global economy: US Treasury secretary Janet Yellen

Kremlin praises Opec+ for countering US 'mayhem' in global energy markets

US Treasury Secretary warns inaction on climate could cause economic crisis

Treasury Secretary Janet Yellen warned Tuesday of economic calamity if climate change is not addressed with immediate government intervention. Joined by local business owners and prominent Democrats in North Carolina, Yellen said the increasing frequency and severity of natural disasters could create devastating short-term supply reductions of everyday goods that could cause prices to skyrocket. Supply chain disruptions like those experienced on a global scale during the COVID-19 pandemic could soon become commonplace, she said during a visit to Cypress Creek Renewables' solar farm in Chapel Hill. Here in North Carolina, you remember well the devastating toll of Hurricane Florence. That disaster killed 22 Americans. It led to $24 billion in damage and left a million North Carolinians without power," Yellen said. As North Carolina is gearing up for several tight races in November, Yellen pitched the benefits of Democrats' new climate, health and tax law, the so-called Inflation ...

Yellen says no strong labour market in long run if inflation stays high

"The Fed is going to need great skill and also some good luck to achieve what we sometimes call a soft landing," Yellen said Sunday in an interview on CNN's "State of the Union"

Janet Yellen touts 'friend-shoring' as fix for global supply chain

Yellen touted her "friend-shoring" concept as a way to reduce the vulnerabilities of a supply system badly strained over the past two years

Treasury Secy Yellen calls out China trade practices during S Korea visit

Treasury Secretary Janet Yellen said the US and South Korea should deepen their trade ties to avoid letting other countries use their market positions to unfair advantage calling out China by name

Yellen calls out China's trade practices during South Korea visit

US Treasury Secy Janet Yellen said Washington and Seoul should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage calling out China by name.

US talks with India on price cap on Russian oil 'encouraging': Yellen

A senior Treasury official said India had made no promises on the oil price cap, but was working with the United States and had not "expressed hostility to this idea".

G20 should act to address food-security crisis, says Janet Yellen

Yellen, speaking at a meeting of G20 finance officials in Indonesia, said countries should target fiscal support measures to help those most in need

Chinese envoy expresses concern over US tariffs on imports with Yellen

China's envoy to trade war talks with Washington expressed concern about US tariffs on Chinese imports during a phone call with Treasury Secretary Janet Yellen, the Ministry of Commerce announced

Janet Yellen says gasoline tax holiday worth considering as anti-inflation

Yellen said that research suggested that there was likely a higher pass-through rate for cutting higher state fuel taxes than the generally lower federal taxes

Some Trump era China tariffs serve 'no strategic purpose': Yellen

She did not list any specific tariffs and declined to say when the Biden administration may make a decision

G7 finance ministers meet in London to broker global tax deal

The gathering, chaired by British finance minister Rishi Sunak, is the first time the ministers have met face-to-face since the start of the coronavirus pandemic

Seal a tax deal

Minimum global corporate tax rate solves many problems

US Republicans vow to oppose Yellen's G7 tax deal, casting doubt on future

The opposition from Republicans may push President Joe Biden to attempt to use budget procedures to pass the initiatives with only Democratic votes

Treasury Secretary Janet Yellen expects US inflation to 'remain high'

Treasury Secretary Janet Yellen acknowledged that she and Fed chair Jerome Powell could have used a better word than transitory when describing the expected run of inflation in the US economy

US faces 'unacceptable levels of inflation': Yellen tells senators

US Treasury Secy said she saw bulk of inflation being caused by supply and demand mismatches, including excessive demand for goods over services during the pandemic and severe supply chain disruptions

Didn't push for cuts in Covid-19 relief package, says Janet Yellen

The book, "Empathy Economics" by veteran Washington journalist Owen Ullmann, is due out Sept. 27

Was 'wrong' about inflation path, says Yellen; Biden backs Fed's actions

US Treasury Secretary Janet Yellen said that she was wrong in the past about the path inflation would take, but said taming price hikes is President Joe Biden's top priority

Yellen warns EU of working with China, urges unity amid Russia-Ukraine war

We have a common interest in incentivizing China to refrain from economic practices that have disadvantaged all of us," Yellen said in a speech to the Brussels Economic Forum.

Banning abortion would hurt US economy: Treasury Secretary Janet Yellen

Eliminating the right to access abortion services "would have very damaging effects on the economy and would set women back decades," Yellen told lawmakers during a Senate Banking Committee hearing