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Showing 1 - 10 of 165 results for "Janet Yellen"

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... new technology to break the law does not make you a disruptor, it makes you a criminal." Secretary of the Treasury Janet Yellen added that Binance turned a blind eye to its legal obligations in the pursuit of profit. "Its willful failures allowed money ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... agreement to raise the $48 trillion (US$31.4 trillion) debt ceiling following a warning from Secretary of Treasury Janet Yellen that the government would run out of money on June 5. "We still have a lot of work to do but I believe this is an agreement ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... said FINMA. "This was intensified by the upheavals in the US banking market in March 2023." US Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell showed their support for the new entity, which is expected to create a business with ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
... strengthening its liquidity position. "The deposit from those major banks along with comments from US Treasury Secretary Janet Yellen, about providing liquidity and capital support to regional US banks helped to stabilise California lenders," Felsman ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... 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 in Silicon ...

Yellen forebodes stagflation risks

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
In Bonn, Germany, US secretary of the treasury Janet Yellen has called the global economic outlook challenging and uncertain; stagflation effects have depressed output and spending, she added. Yellen said the US understood when Russia invaded Ukraine ...

Economic recap: Week to October 22

BENJAMIN ONG  |  MONDAY, 25 OCT 2021
... (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 and the tight ...

Chief economist update: Be afraid of inflation expectations

BENJAMIN ONG  |  FRIDAY, 14 MAY 2021
... higher than the Fed's first QE taper in 2013, its rate hike campaign between 2017 and 2019 and when then Fed chair Janet Yellen announced the first interest rate hike since the global financial crisis of 2009 in December 2016. These countermeasures ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... 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 to rise to avoid ...

Chief economist update: Powell said, Yellen said

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2021
The monetary and fiscal masters of the US of A fronted the Senate Banking Committee - as required under the March 2020 COVID-19 relief law - singing a rendition of Louis Armstrong's What a Wonderful World. In his testimony, Federal Reserve chair ...
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