关于「 US Treasury Secretary」的内容列表
On January 18th, US Treasury Secretary Janet Yellen sent a letter to the US Congress saying that as the US federal government is about to hit the debt ceiling, the Treasury Department will take extraordinary measures from January 21st to avoid debt default. In her letter, Yellen called on Congress to take action as soon as possible to raise or suspend the debt ceiling to protect the credibility and economic stability of the United States. She pointed out that the Treasury Department will start a...
Janet Yellen, the outgoing US Treasury secretary, has warned that the next administration's plan to extend the 2017 Republican tax cuts could disrupt the financial marekt and worsen an already challenging US fiscal outlook. "The projected fiscal path under current budget policy is simply not sustainable, and failure to act or take action that exacerbates the projected deficit could have dire consequences," Yellen said on Wednesday.
U.S. Treasury Secretary Janet Yellen said on Friday that the U.S. financial system continues to face commercial real estate risks and vulnerabilities posed by digital assets in 2024, despite cooling inflation and low unemployment boosting the overall economy. She hinted that the Financial Stability Oversight Council (FSOC) member regulator remains focused on monitoring credit risk for commercial real estate and urged officials to keep an eye on Wall Street's ability to respond.
Former US Treasury Secretary Summers said that if President-elect Trump follows through on his promises, the United States will once again experience a severe inflation crisis. Summers pointed out that Trump's promised domestic tax cuts, higher tariffs and deportation of illegal immigrants would have a severe impact on the US economy. "If he sticks to the plan he promised during the campaign, the country will suffer a bigger inflationary crisis than it did in 2021."
Inflation could lead the Federal Reserve to cut interest rates less than expected in the coming years, according to Mr. Summers, the former Treasury secretary. "On the monetary policy front, the Fed faces the risk of higher inflation if it is to actually cut rates as much as it expects," he said. Fed policymakers' latest dot plot forecast for the median federal funds rate at the end of next year is 3.4 per cent, or 150 basis points on top of Wednesday's 50 basis point cut. Mr. Summers said that ...
Lawrence Summers, the former US Treasury secretary, has warned against allowing the president to interfere in monetary policymaking or it will only end up hurting the economy over time. "It's a stupid game to get politicians involved," Mr. Summers said on Friday, "and the end result is higher inflation and a weaker economy." Mr. Summers' comments came a day after Republican presidential candidate Donald Trump said he believed the president should be in charge of Federal Reserve policymaking.
Former U.S. Treasury Secretary Summers has called on the Securities and Exchange Commission (SEC) and related exchanges to investigate Monday's spike in the VIX index. "My understanding is that Monday's volatility in the VIX index was somewhat artificial due to the use of illiquid tools in calculating the index," Summers said on a television program on Friday. After Monday's spike in the VIX index, volatility experts said the wild swings in the index could have been caused by several technical f...
Lawrence Summers, the former US Treasury secretary, has warned against allowing the president to intervene in monetary policymaking or it would only end up hurting the economy over time. As for the Fed's policy decisions, the former Treasury secretary said any emergency rate cut was untenable "in terms of the facts at hand" given that market volatility and stock market declines had eased since Monday's turmoil. Still, Mr. Summers said a "50 basis point cut" at the September policy meeting would ...
