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The Latest Breaking News from Janet Yellen

Yellen boosting Biden's agenda in Virginia as midterms near

Treasury Secretary Janet Yellen is promoting Biden administration policies as the key to advancing the nation’s “long-term economic well being” in the lead-up to the midterm elections

The Independent UK

Janet Yellen Calls OPEC+ Move ‘Unhelpful And Unwise’ For Global Economy

The United States has expressed disappointment in OPEC+'s plans to cut output.

Zenger

Kwasi Kwarteng: how ex-chancellor’s fate was sealed by IMF orthodoxy he fought against

Former occupant of No 11 Downing Street finally sacked after financial institution chief’s remarks in Washington

The Guardian - UK

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French development minister backs World Bank reforms, calls for U.S. SDR loans

France's development minister is backing U.S. Treasury Secretary Janet Yellen's call for the World Bank and similar institutions to vastly expand their lending, but said the United States needs to join France and other countries in channeling its IMF monetary reserves to poorer countries.

Reuters

China accuses US of 'Cold War thinking' in security strategy

The Chinese government has accused Washington of “Cold War thinking.”

The Independent UK

Yellen warns of 'geopolitical coercion' by Russia, China

U.S. Treasury Secretary Janet Yellen on Wednesday said the global economy was facing "significant headwinds" and the United States was working to shore up its supply chains and guard against "geopolitical coercion" by Russia, China and others.

Reuters

War-torn Ukraine needs at least $3 billion a month in 2023, IMF says

Ukraine will need at least $3 billion a month next year to finance its wartime economy, which means allies will have to step up with more support, the head of the International Monetary Fund said.

Tribune News Service

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Yellen says U.S. economy 'resilient' amid global headwinds

U_S_ Treasury Secretary Janet Yellen is seeking to project confidence in the U_S_ financial outlook while pledging vigilance in responding to “risks on the horizon.”

The Independent UK

Morning Digest | Human sacrifice claims lives of two Kerala women; IMF cuts India’s FY 2022-23 growth forecast to 6.8%, and more

A select list of stories to read before you start your day

The Hindu

Yellen calls for allies to quickly disburse committed funds to Ukraine

U.S. Treasury Secretary Janet Yellen on Tuesday called on partners and allies to make good swiftly on their existing commitments to support Ukraine and to join the United States in doing more as Russia continues its "barbaric" attacks.

Reuters

Yellen: Russian missile strikes show "brutal" impact of war

Treasury Secretary Janet Yellen said Russia's "barbaric missile attacks" show "brutal" impact of war.

Axios

Yellen calls on G20 to boost aid for food insecurity, offers debt freeze

U.S. Treasury Secretary Janet Yellen urged Group of 20 finance and agriculture ministers on Tuesday to take urgent steps to help the 70 million people at risk of acute food insecurity as a result of Russian President Vladimir Putin's war in Ukraine.

Reuters

U.S., allies aim to continue hammering Russia over its 'egregious' war in Ukraine -officials

Western governments plan to ratchet up pressure on Russia over its war in Ukraine, underscoring continued support for Ukraine when finance officials from around the world gather in Washington this week, senior U.S. officials said on Tuesday.

Reuters

Cutting oil output risks global economy, warns US Treasury secretary

Janet Yellen’s comments come as figures show business activity declining across most UK regions

The Guardian - UK

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Reuters

World Bank chief says will keep 'intense' focus on addressing climate change

World Bank President David Malpass said on Friday that he was keeping an "intense" focus on the bank's efforts to address climate change and was embracing the U.S. Treasury's call to dramatically boost lending capacity to address this and other global problems.

The Independent UK

Top US regulators say crypto poses financial stability risks

Top regulators are recommending a series of new safeguards to ensure that a growing and unregulated cryptocurrency market doesn’t imperil U.S. financial stability

The Independent UK

Allies aim for risky Russian oil price cap as winter nears

U.S. officials celebrated at the start of September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir Putin’s access to cash

Al Jazeera

US announces ‘severe’ Russia sanctions over annexation in Ukraine

Joe Biden accuses Moscow of ‘trampling on the United Nations Charter’ as US targets hundreds in new sanctions package.

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The Independent UK

Biden says US will not be intimidated by Putin’s ‘reckless words and threats’: ‘He’s not going to scare us’

‘America and its allies ... are not going to be intimidated by Putin and his reckless words and threats. He’s not going to scare us and he doesn’t intimidate us’

The Conversation

Africa risks losing out on trade as rich countries cement relationships with trusted partners

Over the past few years, the world’s supply chains have been strained and disrupted by the COVID pandemic, Russia’s invasion of Ukraine, and rising geopolitical tensions. These started with the US-China trade war and then intensified following the war in Ukraine.

The Independent UK

Harris, Yellen focus on community finance at Freedman Forum

Vice President Kamala Harris and Treasury Secretary Janet Yellen will host a forum to highlight how coronavirus pandemic relief dollars have helped support Black- and minority-owned businesses

WEKU

Memories of the 1970s haunt the Fed, pushing its aggressive rate moves

The Federal Reserve is cracking down hard on inflation, in hopes of avoiding a repeat of the 1970s, when price hikes were so sustained, they got baked in to people's thinking.

WEKU

Why tackling climate change means a stronger economy — according to Janet Yellen

Yellen says the Biden administration is emphasizing action on climate change to make a more resilient American economy. What does that look like for the future of infrastructure and spending?

Axios

White House mulling potential Yellen departure after midterms

It would be the first and most consequential exit in a potentially broad reorganization of Biden's economic team.

The Independent UK

Yellen warns inaction on climate could cause economic crisis

Treasury Secretary Janet Yellen is warning of economic calamity if climate change is not addressed with immediate government intervention

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