Janet Yellen

Yellen says ending Biden tax incentives would be 'historic mistake' for states like North Carolina

12:23pm September 05, 2024

by Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen warned voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages invest

Treasury Secretary Janet Yellen speaks on the U.S.-China economic relationship at Johns Hopkins University School of Advanced International Studies, Thursday, in Washington.

Security comes first in U.S.-China economic relations, says Treasury Secretary Yellen

2:03pm April 20, 2023

by John Ruwitch

Still, U.S. and China need to work together on issues like climate change and debt relief.

Treasury Secretary Janet Yellen speaks at a school in Kyiv, Ukraine, on Monday.

World News

Janet Yellen visits Ukraine and pledges even more U.S. economic aid

2:15pm February 27, 2023

Treasury Secretary Janet Yellen made a surprise visit to Ukraine and announced $1.25 billion in economic aid as the country's war with Russia goes into its second year.

The U.S. Capitol Building is seen on Jan. 19, 2023, in Washington, D.C. Treasury Secretary Janet Yellen said the U.S. reached its debt limit on Thursday and is resorting to extraordinary measures to avoid defaulting on its debt.

U.S. hits its debt limit and now risks defaulting on its bills

12:58pm January 19, 2023

by Rafael Nam

The U.S. is undertaking "extraordinary" measures to avoid defaulting on its obligations after the country reached its debt limit on Thursday. Now, a big political fight looms.

Politics & Government

Yellen warns inaction on climate could cause economic crisis

12:05pm September 28, 2022

by Hannah Schoenbaum, Associated Press

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

President Jimmy Carter signs emergency natural gas legislation in the Oval Office of the White House in Washington, D.C., on Feb. 2, 1977. An oil crisis contributed to a period of double-digit inflation in the 1970s.

Think Inflation Is Bad Now? Let's Take A Step Back To The 1970s

1:14pm May 29, 2021

by Scott Horsley

Prices are jumping as the economy rebounds from the pandemic, but the Biden Administration and the Federal Reserve say a return to 1970s-style inflation is unlikely.

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Fed Chairman Jerome Powell speaks during a House committee hearing on Sept. 23, 2020 in Washington, D.C. Powell, along with Treasury Secretary Janet Yellen, is set to appear before the House again on Tuesday to discuss relief aid and the state of the econ

Fed Chair Touts 'Much Improved' Economy 1 Year After Stocks Hit Pandemic-Era Low

9:59am March 23, 2021

by Scott Horsley

Jerome Powell and Treasury Secretary Janet Yellen will tell Congress the economy is recovering but that more needs to be done to get to pre-pandemic levels

Janet Yellen addresses an event last month introducing the incoming Biden administration's economic team in Wilmington, Del. Yellen is the first woman to lead the Treasury Department.

Janet Yellen Confirmed By Senate, Making History As First Female Treasury Secretary

7:07pm January 25, 2021

by Scott Horsley

Janet Yellen was confirmed by the Senate to serve as Treasury secretary. She'll be the first woman to hold that post and will lead the Biden administration's efforts to address the pandemic recession.

President-elect Joe Biden's pick to lead the Treasury Department, Janet Yellen, here in 2019, is urging greater federal spending to cope with the pandemic and to help boost the struggling economy.

Yellen Urges Congress To 'Act Big' To Prop Up Pandemic-Scarred Economy

5:57pm January 19, 2021

by Scott Horsley

At her confirmation hearing Tuesday, Treasury Secretary-designate Janet Yellen warned that without more federal help, the recession would last longer and be more painful than necessary.

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Then-Federal Reserve Board Chair Janet Yellen speaks during a briefing in 2017. President-elect Joe Biden reportedly will nominate Yellen as his Treasury secretary.

Biden Picks Janet Yellen To Be Treasury Secretary In Historic Appointment

7:09pm November 23, 2020

Joe Biden plans to nominate the former Federal Reserve chair as his Treasury secretary. She would play a leading role in helping the economy recover from the pandemic.