Tag: Janet Yellen

Wednesday, August 2nd 2023 - 10:34 UTC
Fitch downgrades US credit rating to AA+; Yellen calls it “arbitrary” and “outdated data”

Fitch has downgraded the United States Government's credit rating following concerns over the state of the country's finances and its debt burden.
Tuesday, July 4th 2023 - 10:27 UTC
Yellen travels to China to restore a healthy economic relation, “destabilization punishes both countries”

United States Treasury Secretary Janet Yellen will travel to China this week to restore ties, the Treasury Department announced. Yellen, who will be in Beijing from July 6-9, will meet with high-ranking representatives of the Chinese government but not China's President Xi Jinping.
Saturday, May 21st 2022 - 23:03 UTC
US refineries purchasing more oil and fuel from Mexico, Colombia and Argentina

Complying with President Jose Biden's administration sanctions on Russia, United States refiners imported some 1.3 million barrels per day (bpd) of Latin American crude and fuel oil, the highest level in seven months, according to US customs data.
Friday, February 19th 2021 - 07:58 UTC
US will keep Trump tariffs on Chinese goods, Treasury Secretary Yellen

Treasury Secretary Janet Yellen said on Thursday that US will keep tariffs imposed on Chinese goods by the Trump administration in place for now, but will evaluate how to proceed after a thorough review.
Tuesday, January 26th 2021 - 09:21 UTC
Janet Yellen Secretary of the Treasury: ample bipartisan support

By an overwhelming majority, the United States Senate voted on Monday to confirm Janet Yellen as the 78th Secretary of the Treasury. Yellen, 74, is the first woman to hold the position in the Treasury’s 231-year history, and only the second person to ever have served as both Federal Reserve chair and Treasury Secretary.
Tuesday, November 24th 2020 - 09:06 UTC
Janet Yellen, ex-Fed chair expected to become next Treasury Secretary

Former Federal Reserve Chair Janet Yellen will serve as the 78th Treasury Secretary of the U.S., the Wall Street Journal reported Monday afternoon, citing people familiar with President-elect Joe Biden’s transition team.
Wednesday, February 5th 2020 - 08:34 UTC
World Bank will revise global growth forecast because of coronavirus impact in China

The World Bank will revise its global growth forecast downwards due to the new coronavirus, the president of the multilateral lender said on Tuesday amid fears the epidemic in China will harm global supply chains.
Wednesday, August 7th 2019 - 08:50 UTC
United States need an independent Federal Reserve

The following article was published 6 August, in the Wall Street Journal, signed by ex-Fed chiefs Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen. Basically, it states that the US economy functions best when the central bank is free of short-term political pressures.
Wednesday, March 21st 2018 - 20:25 UTC
Powell's Fed confirms gradualism: anticipates 5 more modest rate increases in next 21 months

The Federal Reserve is raising its benchmark interest rate to reflect a solid U.S. economy and signaling that it's sticking with a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell. The Fed said it expects to increase rates twice more this year. At the same time, it increased its estimate for rate hikes in 2019 from two to three, reflecting an expectation of faster growth and lower unemployment.
Thursday, February 22nd 2018 - 09:07 UTC
Fed more positive on economic outlook ...and more rate hikes expected in 2018

United States Federal Reserve officials grew more positive on the economic outlook, citing “substantial underlying economic momentum,” and were increasingly optimistic about achieving their inflation target, according to minutes of last month’s policy meeting.