Yellen says she regrets saying inflation was ‘transitory’
Treasury Secretary Janet Yellen said she regrets describing inflation in 2021 as “transitory,” the term several Federal Reserve and Biden administration officials used to describe...
Biden on CPI: Too many things unaffordable
U.S. President Joe Biden speaks about the Inflation Reduction Act of 2022 in the State Dining Room of the White House in Washington, D.C., on...
Wall Street Loves Washington’s New Debt Approach—for Now
Updated Nov. 16, 2023 4:04 pm ET Swelling deficits and weak investor appetite for long-term U.S. debt are pushing the Treasury Department to get more...
Gold rises as dollar, yields slip after US jobs data
Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Sven Hoppe |...
Janet Yellen Plans July China Trip While US Preps Investment Curbs
US Treasury Secretary Janet Yellen is scheduled to visit Beijing in early July for high-level economic talks with her Chinese counterpart, marking an important step...
Treasury Secretary Yellen warns of commercial real estate ‘issues’ that could strain banks
““I do think that there will be issues with respect to commercial real estate.”” — Treasury Secretary Janet Yellen, in an interview Wednesday with CNBC’s...
America’s Faustian Pact with runaway debt is coming due
The consequence of that policy error was the long slump of the 2010s, compounded by the even larger policy error of Europe’s Lost Decade. Mistimed...
Janet Yellen told bank CEOs more mergers may be necessary, sources say
New York CNN — During Thursday’s meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be...
Yellen Doubts Biden Administration Can Avoid Default Without Congress
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Government employees union sues Yellen, Biden over ‘unconstitutional’ debt limit law
The National Association of Government Employees (NAGE) filed a lawsuit to block enforcement of a law that sets the nation’s debt limit, arguing it is...