Janet Yellen News

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use it to help Kyiv fend off Moscow's invasion

US Treasury Secretary Janet Yellen is rejecting a global wealth tax proposal championed by Brazil and supported by France and other G20 countries.

Americans for Tax Reform President Grover Norquist discusses President Biden's 2025 budget proposal on 'The Bottom Line.'

The Biden administration’s profligate spending—driving unprecedented trillion-dollar deficits during a full-employment, peacetime economy—has naturally required an increase in borrowing. But the size of Treasury issuance is only one aspect of U.S. borrowing.

ALSO READ: Fed's Powell says looming US election will not sway rate decisions On May 7 (Tuesday), a report on consumer credit for March will be released by the US central bank. May 10 (Friday) will see the release of data on preliminary consumer sentiment for May. Following companies are due to report quarterly earnings in the week ahead—Tyson Foods, Vertex Pharmaceuticals, Palantir, Realty Income, Disney, McKesson, Ferrari, GlobalFoundries, Coupang, Electronic Arts, Rivian Automotive, Datadog, Uber Technologies, Anheuser-Busch InBev, Airbnb, Shopify, Arm, Energy Transfer, Trade Desk, Beyond Meat, Affirm, AMC Entertainment, Warner Bros.

Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy

Also Read | Japan’s Kanda Declines to Say If Authorities Intervened on Yen Yellen acknowledged that the yen had experienced significant shifts in a short period, stating, “We would expect these interventions to be rare and consultation to take place." This statement follows reported actions by Japanese authorities who purportedly entered the market to bolster the yen after it fell beyond 160 to the dollar for the first time in 34 years, and again after comments by Federal Reserve Chair Jerome Powell on U.S. interest rates, the report further added.

The United States has imposed new sanctions on hundreds of companies and people tied to Russia’s weapons development program, as well as more than a dozen Chinese entities accused of helping Moscow find workarounds to earlier penalties

China on Thursday said it would take "necessary measures" after the United States announced fresh sanctions aimed at crippling Russia's military and industrial capabilities, punishing companies in China and elsewhere that help Moscow acquire weapons for its war in Ukraine. In a sweeping package announced on Wednesday, the US treasury department targeted nearly 300 entities in Russia, China and other countries accused of supporting President Vladimir Putin's invasion. «The Chinese side urges the US to stop smearing and containing China and stop wantonly implementing illegal and unilateral sanctions,» a foreign ministry spokesman said in a message to AFP.

new sanctions on hundreds of firms and people tied to Russia's weapons development program, more than a dozen Chinese firms accused of helping Russia find workarounds to sanctions and individuals tied to the death of Russian dissident Alexey Navalny. The sanctions imposed by the Treasury and State departments target Russia’s military-industrial base, chemical weapons programs and people and firms in third countries that help Russia acquire weapons components as its invasion of Ukraine has entered its third year. Treasury Secretary Janet Yellen said the action “will further disrupt and degrade Russia’s war efforts by going after its military industrial base and the evasion networks that help supply it." The sanctions come as the Senate gave final approval to legislation barring imports of Russian uranium, boosting U.S.

Crypto investor Arthur Hayes believes Bitcoin could experience a bull run resurgence if, as he anticipates, liquidity returns to the economy next week stemming from Janet Yellen’s policies.

The infamous “Buy Bitcoin” sign held up by Christian Langalis during Federal Reserve Chair Janet Yellen’s Congressional testimony in 2017 has been sold for a staggering $1 million. 

A yellow legal pad with the words “Buy Bitcoin” written on it, famously displayed behind former United States Federal Reserve Chair Janet Yellen during a congressional hearing in 2017, has been sold at an auction for over $1 million, equivalent to 16 Bitcoin.

A report by the American Chamber of Commerce in China says that simmering tensions between Beijing and Washington remain the top worry for U.S. companies operating in China

The U.S. has hit Iran with a new wave of sanctions and export controls in response to the country’s recent air attack on Israel, a move aimed at grounding Iran’s drone program and pinching its national revenue. The U.S.

Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East

Earlier this month India — that already has punitive duty barriers of close to 50% for importing solar modules and cells from overseas — came up with its own set of non-tariff barriers to predominantly block Beijing. This coincided with US treasury secretary Janet Yellen’s heightened political pitch around overcapacity in Chinese steel, solar, EV, lithium-ion batteries and other clean tech products, as a precursor to a crackdown on imports. The updated docket or roster of vendors who can supply solar panels to our large scale power developers is an 82 page document, with 83 vendors and predictably has no Chinese candidates. As per this Approved List of Models and Manufacturers (ALMM) order for solar photovoltaic modules, domestic module manufacturers will also have to register their sub-contractors and vendors with the renewable energy ministry.

International Monetary Fund's executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. «The Board commended Ms. Georgieva's strong and agile leadership during her term, navigating a series of major global shocks,» it said in a statement. Georgieva had been the only candidate for the job.

In 2017, a meme of Christian Langalis went viral after he held up a “Buy Bitcoin” sign during Federal Reserve Chair Janet Yellen’s Congressional testimony. 

Treasury Secretary Janet Yellen and her team are returning to Washington after a visit to China where they tried to tackle the biggest economic issues between the countries

Billionaire Arthur Hayes has expressed a cautious view regarding the upcoming Bitcoin halving and the effects it will have on the price of the asset.