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Janet Yellen says it’s time to stop calling inflation ‘temporary’.

[ad_1] WASHINGTON — Treasury Secretary Janet L. Yellen said on Thursday she believes it’s time to deprecate the term “temporary” to characterize inflation as temporary, suggesting that the Omicron variant of the coronavirus could prolong the problem of rising prices. Speaking at an event sponsored by ReutersMs Yellen said the pandemic has subsided over the …

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Janet Yellen still supports plan to get banks to give something new to the IRS

[ad_1] WASHINGTON — Treasury Secretary Janet L. Yellen said on Tuesday she still supports a tough proposal that would require banks to turn over additional information about their customers’ accounts to the Internal Revenue Service, arguing that the proposal would help ensure the rich don’t run out of money. tax evasion. The idea of ​​bank …

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Janet Yellen Says US Could Hit Debt Limit by December 15

[ad_1] WASHINGTON — Treasury Secretary Janet L. Yellen warned lawmakers on Tuesday that the United States would not be able to pay its bills shortly after December 15, and urged Congress to take swift action to remove the nation’s debt cap. “There are scenarios where the Treasury will be left with insufficient resources to continue …

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Yellen: US to Provide $500M for Green Bonds

[ad_1] Treasury Secretary Janet Yellen said Wednesday that the United States will support a funding mechanism that aims to divert $500 million a year to shift developing countries from coal-based energy to wind, solar and other low and zero-carbon energy sources. Speaking at the United Nations climate talks in Glasgow, Yellen acknowledged that while rich …

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Janet Yellen says she supports removing the debt limit.

[ad_1] Treasury Secretary Janet L. Yellen said on Thursday that the statutory debt limit should be removed, arguing that the debt ceiling is “destructive” and poses unnecessary risks to the economy. The comments at a House Financial Services Hearing came as the United States gave until October 18 to raise or suspend its debt limit. …

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Yellen and Powell warn that the Delta variant slows recovery.

[ad_1] Two of America’s leading economic policymakers will warn lawmakers on Tuesday that the Delta variant of the coronavirus is slowing the economic recovery, but will convey optimism about the overall trajectory of the economy, according to prepared statements. Treasury Secretary Janet L. Yellen and Federal Reserve chair Jerome H. Powell will testify before the …

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Treasury Secretary Janet Yellen Is Being Tested With Debt Limit Challenge

[ad_1] Ms. Yellen’s mandate was complicated by the fact that while she could easily communicate the economic risks of default, the debt limit had devolved into a larger partisan war over her entire agenda, including Mr. Biden’s $3.5 trillion spending bill. Republicans, including Mr. McConnell, He insisted He said if Democrats want to pass a …

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Yellen Warns US Debt Default Could Coming in October

[ad_1] WASHINGTON — Treasury Secretary Janet L. Yellen warned Wednesday that the United States could default on its debt in October if Congress doesn’t act to raise or suspend the debt limit. NS”extraordinary measuresYellen said the money the Treasury Department has hired to temporarily fund the government since August 1 will run out next month. …

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Janet Yellen gets another chance to shape the future of the world

[ad_1] Jerome H. Powell’s term as head of the Federal Reserve ends in February. Space for the vice president and the Fed’s top bank regulator will also soon be up for grabs, and a position on the Fed’s Board of Governors is already vacant. Assuming officials leave when their leadership term expires, the Biden administration …

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Janet Yellen Has A Chance To Shape The Fed From The Outside This Time

[ad_1] Janet L. Yellen has devoted most of her professional life to the Federal Reserve. The chairman of the Federal Reserve Bank of San Francisco has served on the Washington-based board of directors and in her most senior positions, including the first female president of the central bank. When President Donald J. Trump decided to …

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Janet Yellen made another call to Congress to take action on the debt limit.

[ad_1] WASHINGTON — Secretary of the Treasury Janet L. Yellen repeated He called on Congress to raise or suspend the nation’s debt cap on Monday, urging lawmakers to act on a bilateral basis and warned that a default would cause “irreparable damage” to the economy. In a letter to Congress, Ms. Yellen reminded lawmakers that …

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