Category: Yellen
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US may hit new debt limit as early as Jan 14, Yellen says
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Written by Jasper Ward and Kanishka Singh WASHINGTON (Reuters) – The U.S. Treasury may need to take “extraordinary measures” by January 14 to prevent the United States from defaulting on its debt, U.S. Treasury Secretary Janet Yellen told lawmakers in a letter on Friday. Yellen urged lawmakers in the US…
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Janet Yellen still sees a soft landing despite weak jobs report
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U.S. Treasury Secretary Janet Yellen said there were no “red lights flashing” in the financial system, and reiterated her view that the U.S. economy has reached a soft landing even with weak job growth. “For the U.S., the kinds of metrics that we watch that would summarize risks — whether…
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Janet Yellen still sees a soft landing despite weak jobs report
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U.S. Treasury Secretary Janet Yellen said there were no “red lights flashing” in the financial system, and reiterated her view that the U.S. economy has reached a soft landing even with weak job growth. “For the U.S., the kinds of metrics that we watch that would summarize risks — whether…
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Yellen says $3T needed annually to ensure shift to low-carbon global economy (NASDAQ:ICLN)
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GetYourPic/iStock via Getty Images US Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy will It requires $3 trillion in new capital every year. By 2050, which is far beyond current funding. Speaking in Brazil after a meeting with G20 finance ministers to discuss…
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Janet Yellen says lowering carbon emissions is ‘greatest economic opportunity’
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U.S. Treasury Secretary Janet Yellen traveled to the mouth of the Amazon River on Saturday, where she made the case that combating climate change would boost economic growth in the region and around the world. The needed shift to reduce carbon emissions is “the greatest economic opportunity of the 21st…
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Janet Yellen is a fan of ‘Diners, Drive-ins and Dives’ and visiting restaurants to go beyond economic data
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Janet Yellen has been at the top of economic policymaking for decades, having previously served as chair of the Federal Reserve, president of the Federal Reserve Bank of San Francisco, and chair of the White House Council of Economic Advisers, among other roles, before becoming Treasury secretary. But her visits…
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Deficit warning: Yellen says higher rates make managing it harder
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Treasury Secretary Janet Yellen said expectations of higher long-term interest rates make it difficult to contain U.S. borrowing needs, making a revenue boost more important in negotiations with Republican lawmakers. “We raised interest rate expectations,” Yellen said Friday in an interview with Bloomberg News. “It doesn’t make a difference. It…
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Yen traders heads up – Japan finance minister Suzuki denies bilateral meeting with Yellen
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Bank of Japan Governor Ueda and Japanese Finance Minister Suzuki spoke over the weekend, at the conclusion of the G7 meeting in Italy. Suzuki said he did not have a one-on-one meeting with US Treasury Secretary Yellen. This seems to indicate that there is no discussion about coordinated intervention by…
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Yen traders heads up – Japan finance minister Suzuki denies bilateral meeting with Yellen
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Bank of Japan Governor Ueda and Japanese Finance Minister Suzuki spoke over the weekend, at the conclusion of the G7 meeting in Italy. Suzuki said he did not have a one-on-one meeting with US Treasury Secretary Yellen. This seems to indicate that there is no discussion about coordinated intervention by…
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Weekend – “Yellen counsels caution on currency intervention after surge in yen”
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US Treasury Secretary Yellen spoke over the weekend He added: “I will not comment on whether they intervened or not. I think this is just a rumour.” He said that the yen “moved slightly over a relatively short period of time.” “We expect that these interventions will be rare and…