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.
US Treasury Secretary Janet Yellen, we haven't seen much progress on inflation in the past few months.
On January 7th, Vice Premier He Lifeng, the Chinese leader of China-US economy and trade, and the US leader, Minister of Finance Yellen, held a video call on January 7th. The two sides focused on implementing the important consensus reached by the Chinese and US heads of state, reviewed and summarized the experience of China-US economic exchanges and cooperation in recent years, and positively evaluated the important role of China-US economic and financial working groups and other dialogue mecha...
U.S. Treasury Secretary Janet Yellen: The United States has provided Ukraine with $3.40 billion in additional budgetary assistance.
In a letter to congressional leaders, Janet Yellen, Treasury secretary, said the Treasury expected the US to hit the debt ceiling as early as January 14-23, 2025, and that "extraordinary measures" might be needed to avoid the federal government falling into default. Risk assets ended weaker just before the letter was released. US stocks fell, with the Standard & Poor's 500, Nasdaq 100 and Dow Jones Industries Average all down about...
On December 28, US Treasury Secretary Janet Yellen sent a letter to the US congressional leadership on the debt ceiling issue, asking Congress to take action to protect the credibility of the US government. Yellen is expected to initiate extraordinary measures from January 14 to 23, and said that the Treasury could reach the new debt ceiling on January 14-23.
Treasury Secretary Janet Yellen has written to congressional leadership on the debt ceiling, asking Congress to take action to protect the credibility of the US government. Yellen is expected to initiate extraordinary measures on January 14-23 and said the Treasury could reach the new debt limit on January 14-23.
U.S. Treasury Secretary Janet Yellen said Trump's broad-based tariffs could undermine progress on inflation and increase costs.
U.S. Treasury Secretary Janet Yellen said she had spoken with Trump's nominee for Treasury Secretary, Scott Bessent, to discuss the broad responsibilities of the Treasury Department.
21:00-7:00 Keywords: grey release, Fed, Yellen 1. grey release: DeFi Fund has not added or removed any new tokens as of December 4; 2. U.S. Treasury Secretary Janet Yellen says commercial real estate and digital assets pose risks to the financial system. 3. The value of bitcoin held by Musk's company has reached $2 billion; 4. Federal Reserve Hammack: It may be time for the Federal Reserve to slow down the pace of interest rate cuts. 5. U.S. stocks closed up and down, with cryptocurrency concept...
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.
U.S. Treasury Secretary Janet Yellen will chair a meeting of the Financial Stability Oversight Council (FSOC) tomorrow at 00:45 Beijing time. (Jin Ten)
Asked last week whether the dollar's status as the world's reserve currency was stable, the US Treasury badge hanging from the podium fell to the ground and made a loud noise. Yellen responded: "I have confidence in the status of the dollar."
U.S. Treasury Secretary Janet Yellen said the dollar is and will continue to be critical to the United States as the world's primary reserve currency, and the dollar's status is truly based on our strong macroeconomic performance, low inflation, robust institutions, strong capital markets, the rule of law, and very deep and liquid capital markets. There is really no other currency that can compare to the dollar. Confidence in the dollar's position will ensure that we continue to be on a sound fi...