Janet Yellen


Five ways Biden could crack down on dirty money and financial secrecy

Five ways Biden could crack down on dirty money and financial secrecy

Early rhetoric from the Biden administration has encouraged anti-corruption advocates that the new president’s tenure in the White House may mark a turning point in the fight against dirty money and tax haven abuse — two overlapping problems made worse by a veil of secrecy that shields vast sums of …

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US pushing G20 for global minimum corporate tax, Yellen says

US pushing G20 for global minimum corporate tax, Yellen says

(ATF) The United States is pushing the G20 grouping to adopt a global minimum corporate tax to stem the erosion of government revenues, US Treasury Secretary Janet Yellen told the Chicago Council on Global Affairs on Monday.In a speech ahead of her first International Monetary Fund and the World Bank's …

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Tesla leads rally as Treasury yields ease ahead of Yellen and Powell

Tesla leads rally as Treasury yields ease ahead of Yellen and Powell

(ATF) Tesla and Apple led a rally in technology stocks on Monday March 22, as Treasury yields fell firmly from recent highs. US Treasury Secretary Janet Yellen and Federal Reserve chairman Jerome Powell begin joint congressional testimony on Tuesday.Tesla rose by more than 6% after Ark Invest founder Cathie Wood …

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Biden’s Treasury deputy nominee urges tough line on China

Biden's Treasury deputy nominee urges tough line on China

(ATF) Wally Adeyemo, Biden’s nominee as deputy Treasury secretary, said on Tuesday February 23 that the US should work with allies to hold China accountable to international rules and ensure a level playing field for corporations.“China is our top strategic competitor,” Adeyemo told a confirmation hearing by the Senate finance …

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Cryptos eye new peaks as usage widens

Cryptos eye new peaks as usage widens

(ATF) Cryptocurrencies took a breather after their recent sharp rally but could soon be headed higher after overcoming technical resistance levels with investors waiting in the wings to buy.Bitcoin, which rallied on Sunday to a peak of $58,354, was down 9.65% at $50,616. Still, it is up more than 80% …

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Biden and G7 'open to more IMF support for poor countries'

Biden open to more IMF support for poor countries

(ATF) Group of Seven finance ministers are likely to back new funding support via the International Monetary Fund's "special drawing rights" to help low-income countries hit hard by the coronavirus pandemic, at an online meeting late on Friday (Feb 12), sources have revealed.Officials from the United States, the IMF's biggest …

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Yellen damps bitcoin excitement with abuse warning

Yellen damps bitcoin excitement with abuse warning

(ATF) Bitcoin’s day in the sun may be coming to an end.While credit company Mastercard added to the excitement by saying the digicurrency would be added to its network, US Treasury Secretary Janet Yellen dialled down the tone, warniong of an "explosion of risk" from virtual marketsAt the same time …

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Yellen hails resilience of financial markets in GameStop turmoil

Yellen hails resilience of financial markets in GameStop turmoil

(ATF) The core infrastructure of financial markets proved resilient during recent high volatility and heavy trading volume involving GameStop and other assets, US Treasury Secretary Janet Yellen and top regulators agreed on Thursday February 4. The statement signals no sudden changes to market regulation.Regulators underscored the importance of the Securities …

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Yellen sticks to tough China line in confirmation hearing

Yellen sticks to tough China line in confirmation hearings

(ATF) Janet Yellen criticised Chinese policy towards American companies in a Senate confirmation hearing on Tuesday January 19 ahead of her expected appointment as US Treasury Secretary. She also warned trading partners against currency manipulation, but her main message was a call for the US to “act big” with swift …

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Biden’s US Treasury pick Janet Yellen brings China expertise

Biden’s US Treasury pick Janet Yellen brings China expertise

(ATF) Biden’s two most important cabinet appointments have now been decided, with his long-time foreign policy adviser Antony Blinken due to be nominated as Secretary of State; and Janet Yellen to be tapped as the next Treasury Secretary.Both are centrist choices of individuals with experience in dealing with Chinese issues.Yellen …

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