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Showing 1 - 6 of 6 results for "US Treasury Secretary Janet Yellen"

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 ...

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: 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: 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 course ...
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