Latest Janet Yellen News
Powell: Fed 'not at all sure' inflation will fade next year
WASHINGTON (AP) — In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can't be sure that price increases will slow in the second half of next year as many economists expect. Powell told the House Financial...
Powell's warning: Fed to tighten credit faster than expected
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell took a sharp and unexpected turn Tuesday toward tightening credit for consumers and businesses in the face of mounting concerns about high inflation. Powell signaled that the Fed will likely act more quickly to phase...
Yellen extends to Dec. 15 date for potential debt default
WASHINGTON (AP) — Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation's first-ever default soon after Dec. 15. In a letter to congressional leaders, Yellen said that she believed Treasury...
Democrats push for paid family leave ahead of critical votes
WASHINGTON (AP) — Longtime advocates of paid family and medical leave are scrambling to make sure that the long-sought Democratic priority remains in a massive social and environmental spending bill after House Speaker Nancy Pelosi revived it. But the outcome will likely come down to the...
Guest lineups for the Sunday news shows
WASHINGTON (AP) — ABC’s “This Week” — Brian Deese, director of the White House National Economic Council; Sen. John Barrasso, R-Wyo. __ NBC’s “Meet the Press” — Deese; Gov. Chris Sununu, R-N.H.; Rep. Adam Schiff, D-Calif. ...
Latest exit from Fed's board gives Biden three slots to fill
WASHINGTON (AP) — Randal Quarles announced Monday that he will resign from the Federal Reserve's Board of Governors at the end of the year after completing a four-year term as its top bank regulator, opening up another vacancy on the Fed's influential board for President Joe Biden to fill. ...
Investors bet big on climate fight but motives questioned
GLASGOW, Scotland (AP) — Governments and big investors announced fresh plans Wednesday to pour trillions of dollars into curbing global warming, reflecting the financial world's growing embrace of efforts to fight climate change as both a business necessity and opportunity. ...
Treasury to trim debt auctions that accelerated in pandemic
WASHINGTON (AP) — The U.S. Treasury Department plans to start scaling back the size of some of its government debt auctions, a sign that the government's huge pandemic-driven borrowing needs are starting to ease. The government began selling debt at accelerated levels...
Treasury report calls for stricter oversight of stablecoins
WASHINGTON (AP) — The Biden administration is calling on Congress to pass legislation that would strengthen government regulation of stablecoins, a form of cryptocurrency that has soared in popularity in the past year. In a 22-page report issued Monday, the Treasury...
Treasury says plans to borrow $1.02 trillion this quarter
WASHINGTON (AP) — The Treasury Department said Monday it plans to borrow $1.02 trillion during the current quarter, the largest amount since the government began passing trillion-dollar rescue packages for the economy in the spring of 2020. Treasury said the borrowing...
