Treasury Secretary Scott Bessent states that Trump thought about bringing Janet Yellen back as Fed chair.
Trump Open to Fed Chair Candidates President Trump appears to be quite flexible regarding potential replacements for Federal Reserve Chairman Jerome Powell. The Treasury Department has indicated that he even considers Post’s Janet Yellen among the candidates. Powell’s term expired in May 2026, and the Trump administration has been interviewing a wide array of potential […]
Bernanke and Yellen: Pressure from Trump on the Fed might increase inflation
Former Fed Chairs Warn Against Pressure on Powell Former Federal Reserve Chairs Ben Bernanke and Janet Yellen have criticized the ongoing pressure directed at Jerome Powell, the current Fed chair, cautioning that such tactics could have long-lasting negative effects on the U.S. economy. In a recent op-ed in the New York Times, they advised President […]
Yellen sees 'very worrisome' pattern in Treasurys sell-off
Former Treasury Secretary Janet Yellen said the economic uncertainty over Trump’s whiplash tariff policies has prompted a “really very worrying” trend in dollar-based assets. “We have seen very unusual patterns in financial market development over the past few weeks,” Yellen said. On Monday morning appearance On CNBC’s “Squawk Box.” “We don’t think we see dysfunction […]
Yellen slams Trump tariff agenda as ‘worst self-inflicted policy wound'
Former Treasury Secretary Janet Yellen placed emphasis on the Trump administration's trade war on Friday evening, blowing up the latest rollout of import taxes on almost every trading partner of President Trump. “This is the worst self-harm scar I've ever seen in my career given to our economy,” she told CNN's Anderson Cooper in an […]
Yellen: Trump 'has taken a wrecking ball' to economy with trade war
Former Treasury Secretary Janet Yellen, who served under former President Biden, said President Trump “stolen the destructive ball.” “President Trump has inherited a very strong growth economy, the labor market is working very well, low unemployment rates and a prominent record of job creation,” Yellen told CNN International's “One World” on Thursday. “So we had […]
Yellen: Debt limit will be hit day after Trump's inauguration
Treasury Secretary Janet Yellen said Friday that the U.S. will hit the debt ceiling the day after President Trump takes office, and that the Treasury Department will begin “extraordinary steps” to avert the threat of a national debt default. Yellen said in a letter to Congressional leaders that the Treasury Department would begin taking action […]
Janet Yellen admits COVID spending may have contributed ‘little bit’ to inflation
Treasury Secretary Janet Yellen said in a CNBC interview Wednesday that the Biden administration's stimulus spending to keep the economy afloat during the coronavirus pandemic may have contributed slightly to inflation. Yellen said supply chain issues and shortages were the main factors driving up prices during the pandemic, but acknowledged that stimulus spending may have […]
US may hit new debt limit by mid-January, Treasury Secretary Janet Yellen warns Congress
Treasury Secretary Janet Yellen warned Congress on Friday that “extraordinary measures” will be needed to prevent the U.S. from defaulting on its debt if the debt ceiling is not raised or suspended by mid-January. In a letter to House and Senate leaders, Yellen said the national debt ceiling – the amount the federal government is […]
Janet Yellen issues warning to Congress as US nears debt limit | US politics
In a letter sent to Congressional leaders Friday afternoon, Treasury Secretary Janet Yellen called the “extraordinary measures” aimed at preventing the debt ceiling from being hit as early as Jan. 14. , that is, it is necessary to initiate special accounting measures. . “Treasury expects to reach the statutory debt ceiling between January 14 and […]
Yellen says extraordinary measures to avoid default will begin as soon as Jan. 14
Treasury Secretary Janet Yellen said in a letter to Congress on Friday that her department does not believe the U.S. will need to take “special measures” on January 2 to avoid defaulting on its obligations, and will instead take new He suggested that he expects it to reach a certain upper limit. From January 14th […]