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Tag: janet yellen

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With Millions Facing Starvation, US Treasury Unveils Plan to Address Food Crisis
On May 18, the U.S. Treasury along with several global development banks, in collaboration with other groups, announced a multi-billion dollar plan to address the worldwide food security crisis that has only deepened following Russia’s...
The inflation rate in the US is one of the highest in the world.
US Experiencing One of the Highest Inflation Rates in the World
Several countries around the world are grappling with inflation. The relaxation of COVID-19 restrictions has led to an increase in demand. The cost of goods has risen as a result of major supply chain issues...
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Treasury Secretary Insists Inflation Under Control Following Twitter CEO’s ‘Hyperinflation’ Tweet
On Oct. 23, Twitter CEO Jack Dorsey said in a tweet that hyperinflation is “happening” and that it will change “everything.” Dorsey’s tweet highlighted the inflationary pressure facing America and his tweet quickly became a...
Republicans and Democrats are at loggerheads when it comes to raising the debt ceiling.
Biden May Counter Filibuster to Raise Debt Ceiling, Republicans Wary of ‘Socialist’ Infrastructure Bill
President Joe Biden has said that Democrats might make an exception to the filibuster rule to pass legislation that would raise America’s debt ceiling. He made the comments after returning from his trip to Michigan...
The Internal Revenue Service (IRS) has begun processing the third round of stimulus.
IRS Stimulus Payments on Their Way
The Internal Revenue Service (IRS) has begun processing the third round of stimulus. The first batch will be sent by direct deposit. In the coming weeks, payments will be sent via debit cards, credit cards,...
Janet Yellen, the U.S. Treasury Secretary, is planning to appoint a climate czar at the department who will be responsible for determining the effects of climate change on financial markets and promoting the necessary tax incentives to boost the use of renewable energy.
US Treasury to Appoint ‘Climate Czar’ to Advance Environmental Program
Janet Yellen, the U.S. Treasury Secretary, is planning to appoint a climate czar at the department who will be responsible for determining the effects of climate change on financial markets and promoting the necessary tax...
US Treasury Secretary Janet Yellen will be meeting with financial regulators to discuss the high levels of volatility in the market regarding GameStop, a video game and merchandise retailer.
US Treasury Secretary to Meet With Financial Regulators About GameStop
U.S. Treasury Secretary Janet Yellen will be meeting with financial regulators to discuss the high levels of volatility in the market regarding GameStop, a video game and merchandise retailer. Frenzied trading of GameStop shares caused...
President Biden has warned communist China that it should expect “extreme competition” from the United States.
President Biden Stresses Urgency and Importance of Spending on Covid Relief
President Joe Biden met with Treasury Secretary Janet Yellen on Jan. 30 to discuss the pandemic’s economy and spending. Biden promoted his $1.9 trillion in covid relief spending and the need to act swiftly.  Biden’s...
Janet Yellen, former chair of the Federal Reserve Board under Barack Obama, has been nominated to become the new Treasury Secretary serving the Biden administration.
Janet Yellen Confirmed as the Next US Treasury Secretary
Janet Yellen, former chair of the Federal Reserve Board under Barack Obama, has been confirmed as the new Treasury Secretary serving the Biden administration.  Known to be a fiscal Dove and a Keynesian economist, her...
President Obama nominates Dr. Janet Yellen to succeed Ben Bernanke as Chair of the Board of Governors of the Federal Reserve. Dr. Yellen has served in leadership positions at the Fed for more than a decade, including the last three years as Vice Chair. She also served previously as the Chair of the Council of Economic Advisers, and was a leading researcher in monetary economics at Harvard and Berkely. She has been tapped to serve as Treasury secretary by Joe Biden.
Biden’s Pick for Treasurer Opposed China Tech Restrictions
Democratic U.S. presidential contender Joe Biden intends to make former Federal Reserve chairwoman Janet Yellen his administration’s Secretary of the Treasury, The Wall Street Journal reports, citing “people familiar with the decision.” An economist by...