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The Latest Breaking News from Janet Yellen

What stagflation means and what Biden could do about it

High inflation tends to break out when economic growth is really roaring.

Axios

Russia-Ukraine war impact draws focus of G7 finance leaders

Finance ministers for the Group of Seven leading economies on Thursday will deal with the immediate effects of Russia’s war in Ukraine and the COVID-19 pandemic, overtaking their more ambitious plans to reform the global economy

The Independent UK

G7 Finance Ministers to Thrash Out Ukraine Aid Plan

G7 partners meet Thursday hoping to find a solution for Kyiv's budget troubles as the fallout from Russia's invasion of Ukraine continues to roil the global economy. Finance ministers from the Group of Seven industrialized nations are holding talks in Koenigswinter in western Germany to coordinate their response. "The bilateral…

Asharq Al-Awsat

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US Congress approves new $40 billion Ukraine aid package

The US Senate overwhelmingly approved a $40 billion infusion of military and economic aid for Ukraine and its allies on Thursday as both parties rallied behind America’s latest, and quite possibly not last, financial salvo against Russia’s invasion. Follow FRANCE 24’s liveblog for all the latest developments. All times are…

France 24

Biden's burdens grow: Sagging global economy adds to US woes

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories

The Independent UK

Yellen warns of "stagflationary effects" of higher food and gas prices

"These pressures are not likely to abate in the very near future."

Axios

Yellen’s grand global corporate tax plan risks Congress flop

Treasury Secretary Janet Yellen’s success in securing the biggest global corporate-tax reform in decades risks flopping in her own country’s legislature, potentially sowing the seeds for renewed international tensions in coming years.

Tribune News Service

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Yellen: Not legal for U.S. to seize Russian official assets

The United States does not have legal authority to seize Russian central bank assets frozen due to its invasion of Ukraine, Treasury Secretary Janet Yellen said on Wednesday, but talks with U.S. partners over ways to make Russia foot the bill for Ukraine's post-war reconstruction are starting.

Reuters

Yellen calls on U.S., European allies to confront China together

U.S. Treasury Secretary Janet Yellen stepped up her criticism of China's economic and trade practices on Tuesday, calling on the United States and its allies in Europe to band together to challenge Beijing and diversify supply chains.

Reuters

Yellen warns Europeans about working with China, urges unity

Even as Western allies grapple with how to counter Russia’s assault on Ukraine, U.S. Treasury Secretary Janet Yellen is warning that they also must take a wary and united approach to checking China and its business practices

The Independent UK

Yellen calls on U.S. allies to step up funding for Ukraine

U.S. Treasury Secretary Janet Yellen called for U.S. allies to step up financial support for Ukraine on Tuesday, saying that funds announced so far would not be sufficient for the country's short-term needs as it battles a Russian invasion.

Reuters

Yellen links Russia sanctions to 1940 U.S. asset freezes aimed at Nazis

U.S. Treasury Secretary Janet Yellen on Monday drew parallels between the financial pressure that the United States and its allies are imposing on Russia to the efforts of a 1940s Treasury secretary to deny financial resources to Nazi Germany.

Reuters

Yellen meets war refugees in Poland, pushes food crisis plan

U.S. Treasury Secretary Janet Yellen has met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance ministers for the Group of Seven leading economies

The Independent UK

Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia's invasion of Ukraine affects Poland's economy as part of a week-long trip that also will take her to Brussels and a G7 finance leaders meeting in Germany.

Reuters

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Reason

A Global Tax Cartel Would Be as Bad as It Sounds

Several studies have found that the vast majority of costs incurred by increased corporate taxes are passed along to workers in the form of lower wages.

The Independent UK

Crypto meltdown prompts Yellen to call for new regulation

Treasury Secretary Janet Yellen, responding to the recent sharp decline in cryptocurrencies, says additional federal regulation is needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal

Bangkok Post

Forum boycotts aren't the answer

Today and tomorrow will see US President Joe Biden host meetings with the leaders of Asean. Eight out of 10 leaders of the bloc's member countries will be there, including Prime Minister Prayut Chan-o-cha of Thailand and President Joko Widodo of Indonesia.

Salon

Republicans' "pro-life" baby food pivot

When it comes to the issue of abortion, "pro-life" Republicans have always been bedeviled by hypocrisy accusations

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Benzinga

Janet Yellen Reacts To Terra (LUNA) And UST Stablecoin Fiasco

Treasury Secretary Janet Yellen highlighted the recent scenario around Terra’s (CRYPTO: LUNA) algorithmic stablecoin Terra USD (CRYPTO: UST) as an example of how digita

Tribune News Service

Democrats demand US Treasury probe on Texas shifting COVID funds to border security

WASHINGTON — Texas Democrats in Congress have asked the U.S. Treasury to investigate whether Gov. Greg Abbott has misused up to $1 billion in pandemic relief funds to pay for the state’s controversial border security effort.

Tribune News Service

Yellen says rollback of abortion rights puts US economy at risk

WASHINGTON — Treasury Secretary Janet Yellen entered one of the most politically charged U.S. debates Tuesday, saying the economy would suffer if the Supreme Court significantly limits women’s access to abortion.

The Independent UK

Yellen trip to Capitol detours into tense abortion debate

Treasury Secretary Janet Yellen’s appearance before a Senate committee took an unexpected and tense detour into the abortion debate Tuesday when senators questioned her about the potential impact of an abortion ban on the American economy

The Independent UK

US treasury secretary warns eliminating abortion access will damage economy and ‘set women back decades’

Janet Yellen tells Senate committee that restrictions on abortion care increase odds of ‘living in poverty or need for public assistance’

Axios

Yellen: Eliminating abortion rights would have "very damaging" effect on economy

Roe v. Wade "helped lead to increased labor force participation. It enabled many women to finish school."

Bangkok Post

Biden Officials Split on Easing China Tariffs to Slow Inflation

The Biden administration is split on whether to pare back tariffs on imports from China in an effort to cut consumer costs and reduce inflation, as the White House gives renewed consideration to a step that has divided officials.

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Marjorie Taylor Greene

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