Latest Janet Yellen News

New crypto oversight legislation arrives as industry shakes

Aug. 03, 2022 17:32 PM EDT

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to...

Editorial Roundup: United States

Aug. 03, 2022 13:58 PM EDT

Excerpts from recent editorials in the United States and abroad: July 30 The Washington Post on U.S. accepting Ukrainian immigrants The United States has now met President Biden’s goal, announced in March, to legally admit “up to” 100,000...

Putin's rumored girlfriend hit with latest U.S. sanctions

Aug. 02, 2022 17:35 PM EDT

WASHINGTON (AP) — A new round of U.S. sanctions targeting Russian elites includes a woman named in news reports as Vladimir Putin’s longtime romantic partner. The Treasury Department said Tuesday that the government has frozen the visa of Alina Kabaeva, an Olympic gymnast in her...

Treasury says borrowing needs increased by $262 billion

Aug. 01, 2022 18:48 PM EDT

WASHINGTON (AP) — The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio. Figures released Monday by the department show that to be a $262 billion increase compared to estimates announced in...

Biden shrugs off recession talk, talks up fighting inflation

Jul. 28, 2022 17:52 PM EDT

WASHINGTON (AP) — President Joe Biden and his administration went all out Thursday to play down a troubling new economic report that added to the evidence of a recession, trying to pull focus instead to major legislative progress on measures to tame inflation, reduce debt and preserve America's...

Biden fights talk of recession as key economic report looms

Jul. 26, 2022 17:25 PM EDT

Facing a potentially grim report this week on the economy's overall health, President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession. The Commerce Department on Thursday will release new gross domestic product figures. Top...

Burgum calls for security review of Chinese firm's project

Jul. 26, 2022 16:56 PM EDT

BISMARCK, N.D, (AP) — Gov. Doug Burgum is pressing federal officials to expedite a review of a Chinese company’s purchase of land in North Dakota for a wet corn milling plant to ensure it is not detrimental to national security. Fufeng Group’s planned $700 million project in...

Asian stocks higher ahead of possible US rate hike

Jul. 26, 2022 02:21 AM EDT

BEIJING (AP) — Asian stock markets were mostly higher Tuesday as investors braced for another sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and Seoul advanced. Tokyo edged lower. Oil rose more than $1 per barrel. Wall Street...

Yellen downplays US recession risk as economic reports loom

Jul. 24, 2022 17:42 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen on Sunday said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Yellen spoke on NBC's “Meet the Press” just before a slew of economic reports will be released this week that...

Biden's global promises held back by politics at home

Jul. 24, 2022 08:48 AM EDT

WASHINGTON (AP) — Soon after taking office, President Joe Biden went to State Department headquarters to tell the rest of the world that the United States could be counted on again after four years of Donald Trump’s bull-in-the-china-shop foreign policy. “America is back,”...