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The Latest Breaking News from Janet Yellen

US highlights AI as risk to financial system for first time

Financial Stability Oversight Council says emerging technology poses ‘safety-and-soundness risks’ as well as benefits.

Al Jazeera

Yellen Urges China To Shift From 'Unfair' State-driven Economic Policy

US Treasury Secretary Janet Yellen called Thursday for China to shift from a state-driven approach in economic policy, saying that this can discourage investors.

International Business Times

Yellen Foresees Steady Decline of US Inflation

US Treasury's head honcho, Yellen, traces a steady downward spiral of inflation. Catch a glimpse of her insightful financial forecast here!

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The Fed Maintains Interest Rates Even As Inflation Cools

The Federal Open Market Committee said that inflation has eased but is still too high as the group once again held interest rates steady.

Kiplinger

Stocks Tread Water Before the Open as Investors Await Fed Rate Decision and U.S. PPI Data

December S&P 500 futures (ESZ23) are up +0.06%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.11% this morning as investors geared up for the Federal Reserve’s last interest rate decision of the year while also awaiting the release of key U.S. PPI data.

Barchart

Stocks Tread Water Before the Open as Fed Rate Decision Looms, U.S. PPI Data in Focus

Barchart

U.S., Mexico to Strengthen Foreign Investment Screening Cooperation

This month, U.S. also proposed new rules surrounding its electric vehicle subsidies, limiting material that producers can source from Chinese firms and others

Latin Times

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US, Mexico To Boost Cooperation In Foreign Investment Screening

The United States and Mexico plan to form a working group on foreign investment screening, aimed at guarding against national security threats, US Treasury Secretary Janet Yellen said Thursday.

International Business Times

New US-Mexico agreement to monitor foreign investments comes as more Chinese money flows into Mexico

The United States and Mexico have agreed to monitor foreign investments and regularly share information about the screening

The Independent UK

In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking

Treasury Secretary Janet Yellen has announced economic sanctions against 15 people and two companies that the United States says are linked to a Mexican drug cartel

The Independent UK

Zelensky abruptly cancels US Senate address as aid for Ukraine war hits dead end

Ukraine warns any postponement of US aid creates ‘big risk’ it will lose war with Russia

The Independent UK

Yellen To Visit Mexico For Talks On Supply Chains, Combating Fentanyl Trafficking

The trip comes amid the U.S. Treasury Department's announcement of a "counter-fentanyl strike force," as "combatting the flow of deadly fentanyl into communities across the United States is a top priority for President Biden as well as the Treasury Department."

Latin Times

Binance, CEO Admit Guilt In $4B Settlement With U.S. DOJ

World's largest crypto exchange faces charges related to money laundering and violations of U.S. laws.

Zenger

Binance Hit With $4.3B Justice Department Penalty: Yellen Says Crypto Exchange ‘Turned A Blind Eye’ To The Law

Binance admitted guilt to federal charges Tuesday as part of resolution with U.S. Justice Department amounting to over $4 billion

Zenger

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WEKU

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

Reason

After Moody's Warning, Federal Officials Continue To Ignore Fiscal Reality

Moody's calculates that interest payments on the national debt will consume over a quarter of federal tax revenue by 2033, up from just 9 percent last year.

France 24

US delays APEC trade deal due to domestic pushback

At the Asia-Pacific Economic Cooperation (APEC) Forum on Tuesday, US treasury secretary Janet Yellen said a trade deal that would cover some 40 percent of the global economy "looks not to be complete". Her comments came after Democrat senator Sherrod Brown voiced his opposition to the text over labour standards…

Chicago Sun-Times

Republicans once again appeal to the rich in bid to cut IRS funds

This proposal to cut funds aimed at catching tax cheats echoes the Trump-Republican tax cuts that included the largest corporate tax cut in U.S. history, a suburban writer points out.

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The Independent UK

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit

The United States and China are the two global economic heavyweights

The Independent UK

Yellen says her talks with Chinese finance chief laid groundwork for Biden's meeting with Xi

U.S. Treasury Secretary Janet Yellen says she and her Chinese counterpart have agreed to work toward a “healthy economic relationship,” during two days of talks that she said helped lay the groundwork for a productive meeting next week between President Joe Biden and Chinese President Xi Jinping

The Independent UK

The US and Chinese finance ministers are opening talks to lay the groundwork for a Biden-Xi meeting

Treasury Secretary Janet Yellen and her Chinese counterpart are meeting in San Francisco to open two days of talks aimed at making progress on a slew of economic issues at a time when competition has markedly intensified between the two countries

The Independent UK

The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen says

Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned

The Independent UK

Yellen to host Chinese vice premier for talks in San Francisco ahead of start of APEC summit

U.S. Treasury Secretary Janet Yellen is hosting Chinese Vice Premier He Lifeng for two days of talks this week

The Independent UK

Biden will host Americas summit that focuses on supply chains, migration and new investment

President Joe Biden is gathering leaders from countries across the Americas on Friday in the U.S. capital to discuss the tightening of supply chains and addressing migration issues

The Independent UK

Yellen says the US economic relationship with China must consider human rights and national security

Treasury Secretary Janet Yellen says Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides

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