You Searched For "treasury secretary" and got 20 results
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2 mins read
The Fed isn't going to be able to cut interest rates as much as it wants to, former Treasury Secretary Larry Summers says
Huge increases in wealth and debt levels prevents the Fed from cutting rates as much as it wants, L…
Jennifer Sor
1 min read
The US labor market is 'healthy,' Treasury Secretary Janet Yellen says, even as data shows conditions softening
Janet Yellen says the current unemployment rate is still low even after it ticked up in July. Inves…
Kelly Cloonan
2 mins read
The Fed has redeemed itself after an 'egregious' post-COVID inflation error, former Treasury Secretary Larry Summers says
"They moved strongly enough and vigorously enough to keep expectations anchored," the former Treasu…
Filip De Mott
2 mins read
Trump says he 'doesn't know who' brought up adding Jamie Dimon to his Cabinet. It was Trump.
Trump denied considering Jamie Dimon for Treasury Secretary, even though he said in June he would c…
Grace Eliza Goodwin
2 mins read
A Trump victory raises the risk of a US economic situation worse than recession, 'Dr. Doom' Nouriel Roubini says
Roubini says investors should buy defensive assets like gold and Treasury inflation-protected secur…
Filip De Mott
2 mins read
Why one firm is skeptical about the blockbuster September jobs report — and is still expecting another jumbo rate cut
Pantheon Economics cited a "red flag" in September's jobs market data, and expects that the Fed to …
Filip De Mott
2 mins read
The US expands sanctions against Russia-friendly institutions as Treasury chief Janet Yellen says the Kremlin is 'desperate' for outside help
The Kremlin is "desperate for access to the outside world," Janet Yellen said, announcing new sanct…
Filip De Mott
2 mins read
There's a 'meaningful' chance the Fed's next move is a rate hike, former Treasury Secretary Larry Summers says
"There's a meaningful chance, maybe it's 15%, that the next move is going to be upwards in rates, n…
Yuheng Zhan
1 min read
Economic conditions are 'nearly perfect' and the Fed has engineered a 'miraculous' achievement, Evercore founder says
Economic conditions are "nearly perfect," with only inflation standing in the way of a soft landing…
Filip De Mott
2 mins read
The US has announced new sanctions targeting Russia's war machine — and says more are coming
The US Treasury and State Department issued 400 sanctions on individuals and entities still support…
Filip De Mott
1 min read
Russia sees 'decades' of Western economic sanctions ahead, official says
Russia sees "decades" of Western sanctions ahead, a foreign ministry official said. The country is …
Kelly Cloonan
1 min read
Frozen Russian assets should be taxed to fund Ukraine's rebuild, Treasury Secretary Janet Yellen says
Janet Yellen signaled her support for a plan to tax profits made on frozen Russian assets on Wednes…
George Glover
2 mins read
The US Treasury will reportedly send officials to China to smooth out economic tensions between the superpowers
The two days of talks will cover a range of market and business practices that have caused friction…
Yuheng Zhan
1 min read
Bidenomics could make inflation worse, former US Treasury Secretary Larry Summers says
"We do not have a problem of a shortfall of jobs … We do have a problem with costs."
Jennifer Sor
1 min read
China's economy is hitting a wall after years of optimism, former Treasury Secretary Larry Summers says
"No one should conclude that we can be complacent about the Chinese geopolitical challenge," former…
Zahra Tayeb
2 mins read
Former Treasury Secretary Larry Summers faces backlash from Jim Bianco, Paul Krugman for inflation 'chart crime'
Larry Summers got panned for posting a graph suggesting inflation now could be behaving the same wa…
Zahra Tayeb
2 mins read
Fed policy isn't very tight and the market is 'at the foothills of bubbles,' former Treasury Secretary Larry Summers says
Summers previously predicted there's about a 15% chance the Fed actually raises rates again, and he…
Jennifer Sor
2 mins read
Treasury Secretary Janet Yellen says China's slump has spillover risks but her US outlook is still positive
"China's slowdown will have the largest impact on its Asian neighbors, but there will be some spill…
Phil Rosen
1 min read
Washington is fueling a 'war on business' as it cracks down on mergers and acquisitions, former Treasury Secretary Larry Summers says
"These guidelines — by moving away from an emphasis on lower prices for consumers to broader abstra…
Zahra Tayeb
3 mins read
Biden announces plan to cap rent increases at 5% for half of American rental households
A record number of renters can't afford their housing costs. Biden wants to discourage big rent inc…