News about Janet Yellen

Treasury Secretary Janet Yellen issued a stark warning about the economy and delivered a veiled endorsement with just over forty days to go before the presidential election.

Treasury Secretary Janet Yellen issued a stark warning about the economy and delivered a veiled endorsement with just over forty days to go before the presidential election between Kamala Harris and Donald Trump.

Treasury Secretary Janet Yellen was grilled by a Republican lawmaker over whether cabinet members have discussed invoking the 25th Amendment to remove  President Biden from office and about his cognitive decline amid questions over the president's fitness to serve.

The 'critical risk' to Britain resulting from the desperate finances of Thames Water may appear to have little to do with the fate of the Royal Mail. The Labour administration, which is selling itself as a bastion of stability, needs to fulfil its manifesto promise to 'robustly scrutinise' the £3.6bn offer for Royal Mail owner, International Distribution Services, without delay.

Very few Americans are making the kind of money they think they would need to live comfortably, a troubling new survey has revealed.  The 'magic number' that the average American feels they would need to earn to be financially stable is $186,000 per year, according to fresh data from Bankrate. This is more than double the salary of the typical worker in the US, which is around $79,000 according to the Census Bureau.

A TikTok star has revealed his shock at discovering a Walmart grocery haul now costs four times what it did in 2022. The user - known as Sewerlidd - described the moment he was browsing through his Walmart account when he stumbled upon an option to reorder his previous grocery haul from two years ago. To his shock, the order of 45 essential items which cost him $127 in 2022 now tallied up to a staggering $414. I feel like I'm going to be sick,' he said as the video started. ' I just looked through my Walmart history and I found my order from two years ago for the whole month worth of groceries.'

Food prices have risen around 20 percent in the last five years, and Americans are routinely shocked by the cost of a typical visit to the store. Janet Yellen has been branded 'out of touch' for a response she gave when asked about inflation in the US. The Treasury Secretary - who is worth about $20 million - said she goes to the grocery store every week, but has not felt 'sticker shock' at higher prices. Analysis of data from the US Bureau of Labor Statistics shows just how much prices have increased for everyday groceries during four years of the Biden administration.

Treasury Secretary Janet Yellen surprised an interviewer when asked if she herself has felt 'sticker shock' at the grocery store due to inflation.

A growing economy could inspire confidence in Biden's leadership ahead of the election , but the issue of persistent inflation could ruin that. Grocery prices are up double digits percent under Biden as Americans are routinely shocked by the cost of a typical visit to the store. In an interview Monday, Yellen - who is worth about $20 million - said she goes to the grocery store 'every week' and isn't shocked by the prices.

America will oppose a proposed global tax on billionaires, Treasury Secretary Janet Yellen has confirmed. Ministers in France, Brazil and other nations have been pioneering an idea to tip the economic scales away from the megarich. Brazil is this year leading the group of 20 major economies, known as the G20, and has called on members to develop a coordinated approach to ensure the world's 3,000 billionaires pay their fair share. The idea resurrects a global minimum tax on corporations which roughly 140 countries signed up to in 2021 but has since run into roadblocks. Today, Yellen insisted the US would not support the idea, ahead of a planned meeting with finance ministers from the Group of Seven advances democracies.

Biden issued the order blocking MineOne Partners Ltd from owning land near the Francis E. Warren Air Force Base on Monday. The Treasury said there were issues with 'specialized and foreign-sourced equipment potentially capable of facilitating surveillance and espionage activities'.

Putin's forces are alleged to have used chloropicrin likely in an effort to 'dislodge Ukrainian forces from fortified positions and achieve tactical gains on the battlefield', the US State Department claimed on Wednesday. Chloropicrin is a toxic agent that was originally designed for use as poison gas in World War I.

House Republicans are planning to press Treasury Sec. Janet Yellen Tuesday on her agency's efforts to surveil Americans' bank transactions after the January 6 riot.

House Republicans are could press Treasury Sec. Janet Yellen Tuesday on her agency's efforts to surveil Americans' bank transactions after the January 6 riot. The Treasury boss is expected to testify before the House Ways and Means Committee about President Joe Biden's tax policies, but some in the GOP are saying the opportunity should be used to elicit information about other matters. In February, Yellen testified before lawmakers and dodged their questions about the Treasury's Financial Crimes Enforcement Network's (FinCEN) attempts to have U.S. financial institutions send federal officials private customer data. 

At least 13 financial institutions are being investigated by Republicans in Congress for colluding with the federal government to spy on Americans after January 6 protests looking for 'extremism' indicators. The House Select Subcommittee on the Weaponization of the Federal Government led by top Republican Jim Jordan, R-Ohio, is investigating 'collusion' between U.S. banks and federal agencies in the aftermath of the Capitol riot. The Biden administration worked with banks to comb through 'extremism' indicators like the purchase of a religious text, like a Bible, or searches including the terms 'MAGA' and 'TRUMP,' according to shocking revelations by the committee.

TikTok shared extensive user data with Chinese-based parent company ByteDance, a new investigation claims, even after TikTok said it had cut most ties with ByteDance. The findings come as the company fends off regulators who want to force a sale to a US company over data privacy and national security concerns.

Over 3,000 sheriffs nationwide are demanding President Biden stop the sale of a big gun ammunition and primer manufacturer to a foreign buyer with ties to Russia and China. The sale of Vista Outdoor's Sporting Products business, which has been a 'trusted partner' of local, state and federal law enforcement for decades, is under new scrutiny. Vista Outdoor's provides 'critical supplies of primers and ammunition for service and training' for police across the country.

China has surged sales to Russia of machine tools, microelectronics and other technology that Moscow in turn is using to produce missiles, tanks, aircraft and other weaponry for use in its war against Ukraine , according to a U.S. assessment. Two senior Biden administration officials, who discussed the sensitive findings Friday on the condition of anonymity, said that in 2023 about 90% of Russia's microelectronics came from China, which Russia has used to make missiles, tanks and aircraft.

The UK has shot up from its previous ranking of seventh in 2021, United Nations data has shown, rising three places in 2022. In doing so, it has overtaken France, the Netherlands and Japan in the UN Conference on Trade and Development (UNCTAD) statistics for goods and services exports. China generates the most wealth from exports followed by the United States, Germany and then Britain. Business Secretary Kemi Badenoch welcomed the news, saying: 'These new figures show how the UK is punching above its weight on trade.'

On Monday, the Kremlin's Foreign Minister Sergei Lavrov arrived in China for a formal visit, with the two countries trying to strengthen diplomatic relations as Russia's invasion of Ukraine rages. Beijing has delivered rifle scopes, tank components, rocket fuel, and satellite photos to Russia, according to US officials who anonymously told Bloomberg that Beijing has provided rifle scopes, tank components, rocket fuel, and satellite photographs to Russia. China had been offering 'geospatial intelligence' to Moscow to assist in the Ukraine war, as well as providing propellants used in missile development, microelectronics, and turbojet engines, in violation of Western sanctions against Russia. According to the journal, US Secretary of State Anthony Blinken had briefed European allies this week on China's increasing aid.

In a shift that began with Covid that has accelerated as a result of subsequent geopolitical events, the UK, the United States, and other governments are prioritizing trade control. The challenges are obviously large, but America has already begun shifting production away from China, undermining the availability of the semiconductors that are crucial for automobiles, domestic appliances, and electronic gadgets such as phones and laptops.

Secretary Janet Yellen dodged several questions in a Congressional hearing about why her department instructed financial institutions to surveil American's bank transactions after January 6. Federal investigators from the Treasury's Financial Crimes Enforcement Network (FinCEN) asked U.S. banks to search for 'extremism' in the aftermath of January 6's disaster,' according to a bombshell study released in January. In the article, Republican Rep. Jim Jordan said that the federal government has been 'watching' Americans who shop for weapons - or are religious. Officials from the Treasury Department suggested that banks investigate transactions at sporting and recreational equipment stores such as Cabela's, Dick's Sporting Goods, and Bass Pro Shops in order to identify customers whose transactions might reveal "potential active shooters." Sec. Def. Sullivan's inquiry into the Treasury's surveillance requests as pressed. Yellen said the matter was being investigated and that she was unaware of the situation.

The latest 100-mile 'glide missiles' could be a game changer in Kyiv's military capabilities against Moscow's forces. The latest precision-guided missiles, which are manufactured by Boeing and Saab, will also fit into the new ATACM rockets, which are also supplied by the United States. Their arrival came after months of testing by the US military, but Politico said that even the US military does not have these arms in its arsenal. According to US officials familiar with the situation, Ukraine is expected to be receiving the Ground-Launched Small Diameter Bombs as early as today.

According to statistics, the world's largest economy added 216,000 jobs in December, down from 170,000 predicted by experts. It led to US Treasury Secretary Janet Yellen's declaration that there had been a'soft landing' - in which inflation fell without the jolt of a recession. But that added to the nequities that have loomed over the last few days in markets over whether interest rates would decline as quickly as traders had expected.