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Showing 11 - 20 of 80 results for "US Treasury Secretary"

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... confirm minimal exposures to the Silicon Valley Bank failure. Early this morning, a joint statement from US Treasury secretary Janet Yellen, Fed chair Jerome Powell and Federal Deposit Insurance chair Martin Gruenberg announced all insured depositors ...

Economic recap: Week to October 22

BENJAMIN ONG  |  MONDAY, 25 OCT 2021
... central banks (led by the Fed) still thinks that the recent surge in inflation is transitory. More recently, US treasury secretary Janet Yellen noted that while she expects inflation to ease in the second half of next year as supply chain bottlenecks ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... Likewise, the unemployment rate ticked up to 6.1% in April from 6.0% in the previous month. Fortunately for US Treasury Secretary Janet Yellen, she was quick to walk back her talk at the "Future Economic Summit" suggesting that interest rates may need ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Anything worth doing is worth overdoing. Moderation is for cowards." - Shane Patton Did current US Treasury Secretary Janet Yellen (under Biden's administration) just call former US Secretary Lawrence Summers (under Clinton's) a coward? I refer of ...

Chief economist update: USA Inc is under new management

BENJAMIN ONG  |  THURSDAY, 21 JAN 2021
... rates soon unless it foresees rising inflation or imbalances in the economy. In her confirmation hearing, US Treasury Secretary nominee Janet Yellen declared that with interest rates at historic lows, the smartest thing is to "act big" on COVID-19 relief ...

Chief economist update: The next generation

BENJAMIN ONG  |  WEDNESDAY, 22 JUL 2020
... - or what's called a "Hamilton moment" - "the historic constitutional compromise forged by the first US Treasury secretary Alexander Hamilton, James Madison, and Thomas Jefferson in that year [1790]" where "the US federal government assumed all the ...

Former ambassador assesses US-China trade deal

KANIKA SOOD  |  THURSDAY, 7 FEB 2019
... reducing the chronic trade deficit as one of the key points for negotiating a new trade deal with China. The US Treasury Secretary Steven Munchin is due to visit Beijing next week to negotiate, as the clock ticks on the US's Chinese imports that ...

Chief economist update: Red light on greenback

BENJAMIN ONG  |  THURSDAY, 25 JAN 2018
... that the US dollar dropped 1.0% overnight - taking its 2018-to-date decline to minus 3.2% -- on the back of US Treasury Secretary Steven Mnuchin's comments At the World Economic Forum in Davos, Switzerland that, "Obviously a weaker dollar is good for ...

US recommends asset manager stress tests be removed

DARREN SNYDER  |  FRIDAY, 27 OCT 2017
... and promoting infrastructure investment by insurers through appropriately calibrated capital requirements. US Treasury Secretary Steven T. Mnuchin said: "The regulatory framework for both the asset management and insurance industries can be significantly ...

Trump-flation returns

BENJAMIN ONG  |  FRIDAY, 29 SEP 2017
... leaders rolled out their tax plan this week predicted it will widen the budget gap over the next 10 years." US Treasury Secretary Steven Mnuchin argues that the additional economic growth (ergo, more government revenue) that would be generated by the ...