BEIJING (AP) â U.S. Treasury Secretary Janet Yellen sent a message of mutual cooperation at a meeting Sunday with Chinese Premier Li Qiang, highlighting the improvement in relations since her visit to China last year while recognizing that major differences remain. After focusing on trade and economic issues for the first two days of her visit, Yellen […]
U.S.-China relationship is on âmore stable footing,â Treasury Secretary Yellen claims during meeting with Premier
Former Assistant Treasury Secretary issues stark warning over Biden border priorities: A ‘deliberate act’
Former Assistant Treasury Secretary Monica Crowley joined “Fox & Friends Weekend” on Sunday to comment on Biden’s border priorities, claiming that the administration was intentionally âfloodingâ the U.S.’ while supporting the funding of border security for foreign nations. BIDEN GETS HONORARY DEGREE FROM HOWARD UNIVERSITY, HEADS TO BEACH HOUSE AMID BORDER CRISIS MONICA CROWLEY: âŚWe’ve […]
Economist sounds the alarm on the ‘greatest enemy to the US dollar’: ‘It’s the US Treasury’
China and Malaysia revived a decades-old proposal that would reduce dependency on the U.S. dollar during a meeting between Malaysian Prime Minister Anwar Ibrahim and Chinese leader Xi Jinping last week. The resurfaced Asian Monetary Fund would also lessen reliance on the International Monetary Fund. Economist and “Currency Wars” author Jim Rickards warned that while […]
Fmr. Obama Treasury Official Rattner: February CPI ‘Not a Good Thing’ for Getting Inflation to Goal, ‘What the Fed Really Looks at’ ‘Is Rising’
On Wednesdayâs broadcast of MSNBCâs âMorning Joe,â Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that the core services inflation metric that the Federal Reserve âreally looks atâ is ârising and that is not a good thingâ to getting inflation down to the target level. Rattner said, â[I]nflation looked
Fmr. Obama Treasury Counselor Rattner: Powell Got Inflation Wrong Because WH Was Wrong and He’s ‘a Team Player’
On Thursdayâs broadcast of MSNBCâs âMorning Joe,â Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, argued that Federal Reserve Chairman Jerome Powell got inflation wrong in part because âthe White House was signaling that they thought inflation was going to come down.â And Powell âis a team playerâ who was
Fmr. Obama Treasury Counselor Rattner: We’ll Have ‘Higher Rates for the Foreseeable Future,’ Inflation Isn’t Declining Due to Stimulus
On Thursdayâs broadcast of MSNBCâs âMorning Joe,â Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, predicted higher interest rates âfor the foreseeable future,â and said that inflation isnât declining in part due to people still spending the large amounts of stimulus they got during the pandemic. Rattner also stated that
Report: Treasury Hacked by Group Backed by Foreign Government
A report published on Sunday revealed that data stored by the United States Treasury was compromised by a sophisticated hacking group backed by a foreign government. The hackers also infiltrated the Commerce Departmentâs National Telecommunications and Information Administration. The National Security Council launched an investigation into the incident after a meeting on Saturday at the White…
Treasury and Commerce Departments Issued New Sanctions Against Cuba
On June 16, 2017, President Donald Trump signed his Cuba policy directive on new sanctions against the communist regime at the Manuel Artime Theater in Miami. However, it took several months for the Departments of the Treasury, Commerce, and State and the White House National Security Council to implement the Cuban sanctions based upon […]
Trumpâs Treasury Secretary Nominee Wants to Sell Fannie Mae, Freddie Mac
In an interview on FOX Business Networkâs Mornings With Maria on Wednesday, Donald Trumpâs nominee for treasury secretary, Steve Mnuchin, said one of Trumpâs âtop 10â priorities was to sell government-sponsored mortgage giants Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). Referred to colloquially as Fannie Mae and Freddie Mac respectively, […]