Latest Janet Yellen News

Biden to name 1st Native American US treasurer to head Mint

Jun. 21, 2022 13:22 PM EDT

WASHINGTON (AP) — A Native American is being appointed U.S. treasurer, a historic first. The White House on Tuesday announced President Joe Biden's intent to appoint Marilynn “Lynn” Malerba as his administration establishes an Office of Tribal and Native Affairs at the Treasury...

Biden says decision on gas tax holiday may come this week

Jun. 20, 2022 17:57 PM EDT

REHOBOTH BEACH, Del. (AP) — President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon. “Yes, I’m considering it,” Biden told reporters after...

Yellen: Recession not inevitable, gas tax holiday weighed

Jun. 19, 2022 11:24 AM EDT

REHOBOTH BEACH, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable. Yellen offered a dose of optimism even as economists grow increasingly worried about a recession fueled by...

Biden, mulling tariff decision, will talk soon to China's Xi

Jun. 18, 2022 11:13 AM EDT

REHOBOTH BEACH, Del. (AP) — President Joe Biden said Saturday he plans to talk to Chinese leader Xi Jinping soon as he considers whether to lift some Trump-era tariffs on Chinese goods. Biden did not say when they might speak, but suggested he was getting closer to making a...

Guest lineups for the Sunday news shows

Jun. 17, 2022 19:13 PM EDT

WASHINGTON (AP) — ABC’s “This Week” — Treasury Secretary Janet Yellen; Rep. Adam Kinzinger, R-Ill. __ NBC’s “Meet the Press” — Rep. Jamie Raskin, D-Md.; former Treasury Secretary Larry Summers. __ CBS’ “Face the...

AP Interview: Biden says a recession is 'not inevitable'

Jun. 16, 2022 21:44 PM EDT

WASHINGTON (AP) — President Joe Biden said Thursday the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are slamming family budgets. But he stressed that a recession was “not...

India, China growing markets for shunned Russian oil

Jun. 13, 2022 07:50 AM EDT

NEW DELHI (AP) — India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Union and other allies cut off energy imports from Russia in line with sanctions over its war...

Asian shares fall as oil lingers above $120, yen sinks

Jun. 08, 2022 23:59 PM EDT

TOKYO (AP) — Shares were mostly lower in Asia on Thursday as investors watched for fresh signs of inflation and crude oil prices hovered above $120 a barrel, adding to price pressures. Benchmarks declined across the region, except in Tokyo, where a weakening yen sent issues of...

Worry about stagflation, a flashback to '70s, begins to grow

Jun. 08, 2022 10:26 AM EDT

WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed “Whip Inflation Now” buttons. ...

Live updates | Russia returns 210 dead Mariupol defenders

Jun. 07, 2022 21:28 PM EDT

KYIV, Ukraine — Ukraine’s military intelligence agency says Russia has so far turned over the bodies of 210 Ukrainian fighters killed in the battle for Mariupol. It says most of them were among the last holdouts in the Azovstal steelworks. The agency did not specify Tuesday how...