US recession not ‘inevitable,’ Treasury secretary says

US recession not ‘inevitable,’ Treasury secretary says

This post was originally published on this site A recession in the United States is not “inevitable” but the economy is likely to slow, Treasury Secretary Janet Yellen said Sunday, days after the US Federal Reserve hiked interest rates, raising fears of a contraction. “I expect the economy to slow”...

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Yellen to Face Inflation Questions From Lawmakers

Yellen to Face Inflation Questions From Lawmakers

This post was originally published on this siteThe Treasury secretary will appear in front of lawmakers this week as she and the Biden administration face scrutiny over high inflation and how they have addressed it.

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Yellen’s words on inflation won’t end America’s price hikes

Yellen’s words on inflation won’t end America’s price hikes

This post was originally published on this siteIt’s rare for anyone in Washington to admit they were wrong. So Treasury Secretary Janet Yellen’s admission in an exclusive interview on CNN that she was incorrect to believe last year that inflation was not a long-term threat was quite a moment.

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Yellen acknowledges ‘some global fallout’ from any Russia sanctions

Yellen acknowledges ‘some global fallout’ from any Russia sanctions

This post was originally published on this site US Treasury Secretary Janet Yellen says “some global fallout” would result if the West moves ahead with the punishing, coordinated sanctions threatened against Russia, should it attack Ukraine. If the penalties are imposed, “of course, we want the largest cost to fall...

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