U.S. Treasury Secretary Janet Yellen insisted that not all recessions are alike and that it might be possible to bring down inflation while maintaining full employment. The usual view that two quarters of negative growth indicates a recession “has typically worked,” Yellen said to reporters on June 21 when asked about how she would measure…
‘Recessions Aren’t All the Same’: Treasury Secretary Yellen
June 22, 2022
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Biden Could Remove Some ‘Unnecessary’ China Tariffs Amid Soaring Inflation: Yellen
June 20, 2022
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Business & MarketsChinaChina Business & Economyeconomic policieseconomyinflationSecretary of Treasury Janet YellenThe United StatesUSUS NewsUS President Joe BidenUS-China relations
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President Joe Biden is reviewing Washington’s tariff policy toward China, U.S. Treasury Secretary Janet Yellen said on Sunday, signaling the end of some Trump-era tariffs amid record-high inflation. “We all recognize that China engages in a range of unfair trade practices that it’s important to address. But the tariffs we inherited, some serve no strategic…
Yellen Highlights Ukraine War’s Impact on Food Insecurity During Summit With IMF, World Bank
April 19, 2022
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Russia’s attack on Ukraine is creating a global food crisis, U.S. Treasury Secretary Janet Yellen said during a meeting on food insecurity with representatives from the International Monetary Fund (IMF), the International Fund for Agricultural Development (IFAD), and the World Bank. Even before the Russia–Ukraine war, more than 800 million people, representing 10 percent of…
Yellen Criticizes China’s Position On Russia-Ukraine War
April 14, 2022
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U.S. Treasury Secretary Janet Yellen criticized China for its dubious stance on Russia’s war against Ukraine in remarks where she outlined a “way forward” for the global economy. Beijing recently affirmed having a “special relationship” with Russia which Yellen hopes might play a role in ending the ongoing war, according to an April 13 press…
Cutting Tariffs on Imported Goods From China Could Ease Inflation: Yellen
December 3, 2021
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Business & EconomyChinaChina tariff newschina trade wareconomyExecutive BranchinflationJerome Jay Powellphase 1 trade dealPolicies & ImpactsPoliticsSecretary of Treasury Janet YellenUSUS NewsUS-China relations
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Reducing the tariffs on imported goods from China, imposed in 2018 by President Trump, through a revived exclusion process could help lower inflationary pressures on the economy, said U.S. Treasury Secretary Janet Yellen on Thursday at the Reuters Next conference. “This is a process by which tariffs can be lowered. And I think that that…
Fed in Second Powell Term Must Ensure Inflation Does Not Become ‘Endemic’: Yellen
WASHINGTON—The Federal Reserve during Jerome Powell’s second term as chair will have an important role to play over the longer term to ensure that inflation does not become “endemic,” Treasury Secretary Janet Yellen told CNBC on Monday. Yellen said she believed Powell’s nomination and that of Lael Brainard as vice chair would win broad support…
Sen. McConnell Weighs In on Secretary Yellen’s Appeal for GOP to Help Raise Debt Ceiling
Senate Minority Leader Mitch McConnell (R-Ky.) told Secretary of Treasury Janet Yellen during a phone call that he will not change his decision to not raise the debt limit, saying he opposes the recklessness of the $3.5 trillion budget reconciliation bill and Democrats can do it alone. “The leader repeated to Secretary Yellen what he has…
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