Quick Glance: Yellen Highlights Biden's Economic Policies Over Trump's
- Yellen emphasizes Biden's fair economic recovery compared to Trump's policies
- Improvement in economic signals due to Biden's infrastructure and clean energy investments
- Biden plans tax reform to tax wealthy individuals and corporations more
- Yellen says Trump's tax cuts favored the wealthy and corporations but did not lead to investments
Quick Glance: The United States Will Present a "Well Qualified Candidate" to Lead the World Bank: Janet Yellen
- Janet Yellen, the US Treasury Secretary, did not name any candidates. (File
- On Thursday, US Treasury Secretary Janet L. Yellen stated that her country intends to quickly nominate a well-qualified candidate to lead the World Bank.
- "We appreciate the opening of nominations by the World Bank Executive Board and we believe it is important that there be a transparent, merit-based and swift nomination process for the next World Bank President," Yellen said in response to a question at a press conference here.
Quick Glance: China's Economy Loses Momentum in Q2
- The challenges faced by the world's second-largest economy will increase global growth pressure and intensify calls for additional stimulus measures from Beijing, more than six months after China eased strict Covid-19 controls.
- In the second quarter, the economy grew by 6.3 percent year-on-year due to a low-base effect from last year when major cities like Shanghai were under extended lockdown.
- The Reuters poll had predicted a growth rate of 7.3 percent.
Quick Glance: Joe Biden: Inflation is a "Fluch unserer Existenz"
- The US President will undoubtedly counter-tax through compensatory measures.
- The high prices for alcoholic beverages and foodstuffs, according to Biden, will most likely be offset by new laws that reduce the costs of prescription drugs and child care.
- "Wir gehen davon aus, dass die Inflationsrate steigen wird" White House Press Secretary Karine Jean-Pierre said to reporters on board Air Force One on Tuesday, according to reports.
BIDEN-FLATION: A forthcoming biography of Yellen states that she thought 'too much government money was flowing into the economy.' https://fxn.ws/3tfIVXt
Quick Glance: Yellen calls for immediate action to improve food security and climate resilience in Africa.
- "This project shows how our countries can partner to address two of the most critical issues facing Zambia and the world: food security and climate adaptation," said Yellen, the first Cabinet-level United States official to visit Zambia in a decade.
- Since the start of the war, the number of people facing acute food insecurity has risen to 345 million in 80 countries, with about 2 million in Zambia alone, according to Yellen.
- Zambia's maize production, according to Yellen, has the potential to transform the country into a regional food hub.
'QUITE DEPRESSED': Treasury Secretary Yellen makes big admission about Biden's economy. https://fxn.ws/3kw6CpN
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell testify at a Senate Banking, Housing, and Urban Affairs hearing.
The House Financial Services Committee holds a hearing on oversight of the nation's economic response to the pandemic ...
'A LOT OF UNCERTAINTY': The Treasury Secretary warned the variant’s spread could exacerbate supply chain issues and an ongoing inflation crisis ... https://fxn.ws/3diNhEP
WATCH LIVE: Treasury Secretary Janet Yellen, Fed Chair Jerome Powell testify before Senate committee
Treasury Secretary Janet Yellen testified to Congress on Wednesday about economic recovery in the wake of the coronavirus ...
LOCKDOWN LIVING: The COVID-19 curve in the U.S. has begun rising again amid the fast-spreading Delta variant and lagging vaccination rates ... https://fxn.ws/2UPeZD1
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell testify before the House Financial Services Committee.