Janet Yellen

U.S. Treasury Secretary Janet Yellen expressed confidence in the American economy, dismissing the possibility of a recession and predicting that inflation will reach the Federal Reserve’s 2% target by next year. What Happened: Yellen, in an interview on Monday, stated that she does not see...

A new report outlines how President Joe Biden added $4.3 trillion to the national debt with seven months left in his term while his opponent, Ex-President Donald Trump, added $8.4 trillion to the U.S. national debt during his time in office. The Data: The non-partisan Committee for a Responsible...

Treasury Secretary Janet Yellen publicly criticized a proposal by former President Donald Trump to replace parts of the U.S. income tax with increased tariffs on imported goods. What Happened: Trump proposed the idea during a meeting with Republican lawmakers on Capitol Hill last week. The former...

As the week winds down, let’s take a look back at some of the major stories that shaped the financial world. From warnings about overpriced stocks to debates about inflation and radical tax plans, it was an eventful few days. Here are the highlights: Peter Schiff Sounds the Alarm on...

The Nasdaq 100 index posted its fourth consecutive session in the green on Thursday, closing up 0.6% at 19,576 points and reaching new all-time highs as tech stocks drive broader market gains. The S&P 500 also recorded its fourth straight positive day, rising 0.2% to a record closing level of 5...

Janet Yellen, the U.S. Treasury Secretary, contradicted President Joe Biden’s stance on inflation, attributing it to supply and demand rather than corporate greed. What Happened: Yellen, during a recent interview with CNBC, was asked about the administration’s view on inflation on...

Treasury Secretary Janet Yellen affirms that the current U.S. debt load is manageable, provided it remains at its current level relative to the economy. What Happened: On Thursday, Yellen stated in a CNBC interview that the burgeoning national debt is manageable as long as it stays around where it...

Futures trading suggests a mixed start on Thursday, with tech stocks potentially helping to weather profit-taking-induced weakness. Broadcom Inc. (NASDAQ:AVGO) and Tesla, Inc. (NASDAQ:TSLA) are likely to lead the tech charge, with the former reacting to earnings release and the latter to the...

Donald Trump aims to attract Wall Street donors with promises of new tax cuts next year. However, there are concerns about adding to the national debt due to the potential $4.6 trillion price tag attached to extending his 2017 tax cuts, reported Bloomberg. Despite the projection, many Republicans...

The week has been a rollercoaster ride in the world of finance and economics. From Ray Dalio’s stark warning about a potential civil war to the Federal Reserve’s hint at ‘higher-for-longer’ interest rates, there’s been no shortage of headlines. Let’s dive into...

U.S. Treasury Secretary Janet Yellen has addressed the growing concern over rising living costs, acknowledging it as a significant issue for many Americans. What Happened: Yellen addressed the issue of rising living costs, acknowledging it as a significant problem for many Americans, Financial...

The U.S. has taken a firm stance against a proposed global wealth tax on billionaires, as announced Monday by Treasury Secretary Janet Yellen. This idea, championed by Brazil, France and other nations, aims to reduce economic inequality by targeting the global billionaires. Yellen emphasized that...

In an interview on Monday, Treasury Secretary Janet Yellen outlined the current administration’s stance on several key economic issues, including tariffs on China and the need for domestic investment in strategic sectors, such as semiconductors and clean energy, which she believes are...

The Federal Reserve completed its May meeting and kept rates unchanged. So, why did the market rise? The Bank of Japan intervened to save the yen twice to no effect before getting bailed out by the Fed taper and a weak employment report. Irresponsible people in Washington are saying insane things....

The Federal Reserve’s Chairman Jerome Powell is under intense scrutiny as the U.S. presidential election approaches. Market experts are questioning his ability to remain independent of political pressure. What Happened: In a recent interview with CNBC’s Last Call, David Zervos, the...