Janet Yellen

Calls intensify for Congress to intervene on Libor

03/26/21

The heads of the Federal Reserve and Treasury are urging passage of legislation that would replace Libor with the Secured Overnight Financing Rate in certain contracts. That would spare banks litigation over trillions of dollars of contracts when Libor expires in 2023.

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Yellen balks at calling asset managers systemically risky

03/24/21

Treasury Secretary Janet Yellen said she prefers to have the Financial Stability Oversight Council flag hazardous activities by nonbanks rather than subject specific firms to heightened supervision.

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Fed digital currency gains steam with Democrats in power

03/03/21

As the Federal Reserve continues to explore issuing a digital U.S. dollar, the Biden administration and key congressional leaders are endorsing the idea as a way to expand banking access for underserved consumers.

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The national debt is big and getting bigger. Does it matter?

03/03/21

As government debt swells, the outer limits of what the U.S. can safely borrow are becoming less and less clear.

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Yellen signals interest in backing digital-dollar research

02/22/21

Treasury Secretary Janet Yellen said a digital version of the dollar could help address hurdles to financial inclusion in the U.S. among low-income households.

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In this crisis, White House and banks are on same team

02/22/21

More than a decade after the near collapse of the financial system and the bruising fight over Dodd-Frank put the industry and a Democratic administration in conflict, President Biden and the financial services sector are allied over the COVID-19 relief plan.

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Yellen wins confirmation to become first woman as Treasury chief

01/25/21

Janet Yellen was confirmed by the U.S. Senate as the country's 78th Treasury secretary and the first woman to hold the job, putting her in charge of overseeing an economy that continues to be hobbled by the coronavirus pandemic.

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