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Treasury Secretary Janet Yellen and Microsoft Corp. co-founder Bill Gates were the latest to weigh into a debate over the digital coin. Gates cautioned about how investors can be swept up in manias, while Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”(REUTERS)

Bitcoin tumbles below $50,000 as caution about rally takes hold

Bloomberg
PUBLISHED ON FEB 23, 2021 12:08 PM IST
The cryptocurrency fell as much as 11% to below $50,000. At one point Monday the digital currency plunged 17% before paring the worst of the slide.
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File photo of US Treasury Secretary Janet Yellen.(Reuters)
File photo of US Treasury Secretary Janet Yellen.(Reuters)

Bitcoin extremely inefficient for transaction, says Janet Yellen

By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 22, 2021 09:35 PM IST
The most popular cryptocurrency on Monday fell to $47,400, a one-week low. At one point, it lost nearly 17 per cent of its value.
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US Treasury Secretary Janet Yellen listens as US President Joe Biden delivers remarks on the state of the economy during a speech in the State Dining Room at the White House in Washington, US.(Reuters)
US Treasury Secretary Janet Yellen listens as US President Joe Biden delivers remarks on the state of the economy during a speech in the State Dining Room at the White House in Washington, US.(Reuters)

Treasury secretary Yellen says Biden's plan could restore full employment by

AP
PUBLISHED ON FEB 08, 2021 05:25 AM IST
Yellen, a former Federal Reserve chair who is the first woman to lead the Treasury Department, said the central bank had the tools to handle any potential inflationary threat.
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US Treasury Secretary Janet Yellen said the administration was considering the risk the stimulus plan could cause inflation.(AP)
US Treasury Secretary Janet Yellen said the administration was considering the risk the stimulus plan could cause inflation.(AP)

Americans earning $60K should get stimulus checks, says US Treasury Yellen

Reuters
PUBLISHED ON FEB 07, 2021 08:29 PM IST
Yellen and other administration officials have warned repeatedly that the danger to the economy would be going too small with stimulus efforts.
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FILE PHOTO: U.S. President Joe Biden receives an economic briefing with Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington, U.S., January 29, 2021. REUTERS/Kevin Lamarque/File Photo(REUTERS)
FILE PHOTO: U.S. President Joe Biden receives an economic briefing with Treasury Secretary Janet Yellen in the Oval Office at the White House in Washington, U.S., January 29, 2021. REUTERS/Kevin Lamarque/File Photo(REUTERS)

US Treasury Secretary Yellen convenes US market regulators to discuss GameStop

AFP
PUBLISHED ON FEB 04, 2021 10:32 PM IST
Yellen this week called for the meeting with the Securities and Exchange Commission (SEC), the New York Federal Reserve Bank and the Commodities Futures Trading Commission (CFTC) to review the volatility.
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U.S. President Joe Biden signs executive orders on immigration reform inside the Oval Office at the White House in Washington, U.S., February 2, 2021. REUTERS/Tom Brenner(REUTERS)
U.S. President Joe Biden signs executive orders on immigration reform inside the Oval Office at the White House in Washington, U.S., February 2, 2021. REUTERS/Tom Brenner(REUTERS)

Biden, Yellen say GOP coronavirus aid too small, Democrats push on

AP, Washington
PUBLISHED ON FEB 03, 2021 12:17 PM IST
President Joe Biden and Treasury Secretary Janet Yellen joined the Democratic senators for a private virtual meeting Tuesday, both declaring the Republicans' $618 billion offer was too small.
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Janet Yellen's Republican predecessor, Steven Mnuchin, was not confirmed until three weeks after Trump's 2017 inauguration, and then by a 53-47 nearly party-line vote in a Republican-controlled Senate.(AP File Photo)
Janet Yellen's Republican predecessor, Steven Mnuchin, was not confirmed until three weeks after Trump's 2017 inauguration, and then by a 53-47 nearly party-line vote in a Republican-controlled Senate.(AP File Photo)

Janet Yellen wins unanimous Senate panel vote for US Treasury

Reuters, Washington
UPDATED ON JAN 22, 2021 11:08 PM IST
  • A full confirmation vote just days after Biden took office would put the 74-year-old PhD economist quickly to work on a deep economic crisis sparked by the coronavirus pandemic. She broke a similar gender barrier when she became Fed chair in 2014, a role she held until 2018.
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The oil market will be able to accommodate Iran’s maximum oil output of around 3.9 million to 4 million barrels a day.(Reuters/ File photo)
The oil market will be able to accommodate Iran’s maximum oil output of around 3.9 million to 4 million barrels a day.(Reuters/ File photo)

Iran starts ramping up oil production to pre-sanctions levels

Bloomberg, Tehran
PUBLISHED ON JAN 22, 2021 04:47 PM IST
  • Iran has been subject to tough US sanctions since 2018, when the administration of then-President Donald Trump unilaterally withdrew from an international deal that restricted the Middle Eastern country’s nuclear activities. Its crude production was below 2 million barrels a day for most of 2020.
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Joe Biden has already outlined a $1.9 trillion stimulus package proposal last week, saying bold investments were needed to jump-start the US economy.(Reuters)
Joe Biden has already outlined a $1.9 trillion stimulus package proposal last week, saying bold investments were needed to jump-start the US economy.(Reuters)

Hopes of new US stimulus, liquidity drive up markets

By Nasrin Sultana, Mumbai
PUBLISHED ON JAN 20, 2021 04:37 AM IST
Shares across global markets climbed on Tuesday ahead of Janet Yellen’s confirmation speech as US Treasury secretary. Yellen is expected to tell the senate finance committee that the government must “act big” with its next coronavirus relief package.
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The head offices of Goldman Sachs in London, U.K., on Monday, Dec. 7, 2020. As the U.K.'s second lockdown, lifts City of London firms are likely to let more workers return, giving a boost to businesses in the financial district before Christmas. Photographer: Jason Alden/Bloomberg(Bloomberg)
The head offices of Goldman Sachs in London, U.K., on Monday, Dec. 7, 2020. As the U.K.'s second lockdown, lifts City of London firms are likely to let more workers return, giving a boost to businesses in the financial district before Christmas. Photographer: Jason Alden/Bloomberg(Bloomberg)

Bank stocks are back in vogue on stimulus hopes, interest-rate outlook

Bloomberg
PUBLISHED ON JAN 10, 2021 06:04 PM IST
The KBW Bank Index has jumped 8.4% in January, beating the S&P 500 Index’s 1.8% advance.
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US President-elect Joe Biden speaks at The Queen theater in Wilmington, Del., Wednesday, Jan. 6, 2021. (AP Photo/Susan Walsh)
US President-elect Joe Biden speaks at The Queen theater in Wilmington, Del., Wednesday, Jan. 6, 2021. (AP Photo/Susan Walsh)

US Congress certifies Joe Biden’s win: The who’s who of president-elect’s cabinet

By hindustantimes.com | Edited by Karan Manral | Hindustan Times, New Delhi
UPDATED ON JAN 08, 2021 12:05 PM IST
The names announced by Biden as nominees for various portfolios will have to be confirmed by the Senate only after which they can officially take charge.
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Janet Yellen, US President-elect Joe Biden's nominee to be treasury secretary, was the Federal Reserve chair from 2014 to 2018.(REUTERS)
Janet Yellen, US President-elect Joe Biden's nominee to be treasury secretary, was the Federal Reserve chair from 2014 to 2018.(REUTERS)

Biden’s pick to lead Treasury, Janet Yellen, made over $7 million in speaking fees

By Associated Press | Posted by Kunal Gaurav | Delaware
UPDATED ON JAN 01, 2021 10:25 PM IST
Yellen’s selection by Biden to lead the treasury department has been cheered by progressive Democrats, who support her work as a labor economist who has long prioritized combating economic inequality.
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Yellen made the remark after US President-elect Joe Biden introduced his economic team at the Transition headquarters in Wilmington, Delaware.(Reuters Photo)
Yellen made the remark after US President-elect Joe Biden introduced his economic team at the Transition headquarters in Wilmington, Delaware.(Reuters Photo)

United States facing historic economic crises again, says Janet Yellen

By Press Trust of India| Posted by: Harshit Sabarwal | Washington
PUBLISHED ON DEC 02, 2020 09:15 AM IST
“I’ve spent my career trying to make sure people can work and achieve the dignity and self-worth that comes with it. Mr. President-elect, I know you’ve done the same. I saw that understanding during the last Great Recession and the Recovery Act that followed,” Treasury Secretary-nominee Janet Yellen said
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Joe Biden smiles as he puts on his face mask after speaking to media in Wilmington, Delaware on September 4.(AP file)
Joe Biden smiles as he puts on his face mask after speaking to media in Wilmington, Delaware on September 4.(AP file)

Biden assembles administration as Trump cries foul in another call-in

By Yashwant Raj , edited by Vinod Janardhanan | Hindustan Times, Washington
UPDATED ON DEC 01, 2020 10:18 PM IST
Trump called into a briefing his lawyers Rudy Giuliani and Jenna Ellis gave Republican legislators of Arizona, which has been wrongly portrayed as a “hearing”, as he had in Pennsylvania last week.
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Biden transition team said that Janet Yellen has previously been confirmed by the Senate on four separate occasions.(AP)
Biden transition team said that Janet Yellen has previously been confirmed by the Senate on four separate occasions.(AP)

Biden confirms nomination of Janet Yellen, ex-Federal Reserve chair, as treasury secretary

By hindustantimes.com | Edited by Kunal Gaurav | Hindustan Times, New Delhi
UPDATED ON NOV 30, 2020 09:27 PM IST
Yellen served as the 15th Chair of the Federal Reserve, the first woman to lead America’s central banking system since its creation.
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President- elect Joe Biden’s economic team will be led by his choice for Treasury secretary, former Federal Reserve Chair Janet Yellen.(AP/ File photo)
President- elect Joe Biden’s economic team will be led by his choice for Treasury secretary, former Federal Reserve Chair Janet Yellen.(AP/ File photo)

Janet Yellen to forge US economic comeback as Biden’s treasury pick

By Bloomberg | Posted by Mallika Soni | Washington
PUBLISHED ON NOV 30, 2020 01:40 PM IST
Yellen’s expected to champion what she’s called “extraordinary fiscal support” to support the pandemic-ridden economy -- deficit spending that she says is affordable given extraordinarily low interest rates.
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US President-elect Joe Biden.(Reuters)
US President-elect Joe Biden.(Reuters)

Joe Biden looks to fill out economic team with diverse picks

By Associated Press | Posted by Deepali Sharma | Associated Press
UPDATED ON NOV 30, 2020 12:23 PM IST
Biden, who has placed a premium on diversity in his selection of Cabinet nominees and key advisers, is looking to notch at least a few firsts with his economic team selections.
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Center for American Progress Action Fund president Neera Tanden speaks at an event on July 27, 2016.(Reuters File Photo)
Center for American Progress Action Fund president Neera Tanden speaks at an event on July 27, 2016.(Reuters File Photo)

Who is Neera Tanden? Joe Biden’s possible Indian-American pick for budget chief

By hindustantimes.com | Edited by Kanishka Sarkar | Hindustan Times, New Delhi
UPDATED ON NOV 30, 2020 08:26 AM IST
According to The Wall Street Journal, Tanden’s nomination is a part of Biden’s plan to build a team of liberal and centrist economic advisers to serve alongside planned Treasury Secretary nominee Janet Yellen.
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The broad-based S&P 500 gained 1.6 percent to 3,635.41, also a record, while the tech-rich Nasdaq Composite Index advanced 1.3 percent to 12,036.79.(REUTERS file photo)
The broad-based S&P 500 gained 1.6 percent to 3,635.41, also a record, while the tech-rich Nasdaq Composite Index advanced 1.3 percent to 12,036.79.(REUTERS file photo)

Dow hits 30,000 points for first time as US stocks boom

By Agence France-Presse | Posted by Shivani Kumar | New York
UPDATED ON NOV 25, 2020 03:04 AM IST
After crossing the threshold in mid-day trading, the blue-chip Dow Jones Industrial Average retreated a few times throughout the afternoon before closing at 30,046.24, up 1.5 percent.
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Janet Yellen at a news conference.(REUTERS/ FILE)
Janet Yellen at a news conference.(REUTERS/ FILE)

Janet Yellen set to become the first woman to head US treasury department

By Yashwant Raj | Hindustan Times, Washington, DC
PUBLISHED ON NOV 24, 2020 10:10 PM IST
Yellen will become the first woman to head the treasury department - she was the first woman to head the US Fed
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US outgoing Federal Reserve Chair Janet Yellen laughs a at reporter's joking question as she holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, US December 13, 2017. REUTERS/Jonathan Ernst(REUTERS)
US outgoing Federal Reserve Chair Janet Yellen laughs a at reporter's joking question as she holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, US December 13, 2017. REUTERS/Jonathan Ernst(REUTERS)

Janet Yellen as treasury secretary sets up Biden to go big on stimulus

By Bloomberg | Posted by Karan Manral
UPDATED ON NOV 24, 2020 01:56 PM IST
US President-elect Joe Biden has selected Yellen, a former Federal Reserve chair, as the next treasury secretary. Her selection, experts say, signals that Biden plans to act aggressively to revive the world’s biggest economy
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Former Federal Reserve Chair Janet Yellen.(Reuters)
Former Federal Reserve Chair Janet Yellen.(Reuters)

Joe Biden taps ex-Fed chair Janet Yellen to lead treasury

By Associated Press | Posted by Shivani Kumar | Washington
UPDATED ON NOV 24, 2020 05:11 AM IST
Former Federal Reserve Chair Janet Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.
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FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder/File Photo
FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder/File Photo

Fed governor Lael Brainard, frontrunner for new US Treasury secretary, falls behind in race

By Bloomberg | Posted by Karan Manral
UPDATED ON NOV 21, 2020 10:31 AM IST
According to people familiar with the matter, Brainard has had little contact with President-elect Joe Biden’s transition officials. Biden is yet to announce a nominee for the post.
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Powell, who took over from former Fed chief Janet Yellen in early February, triggered a brief global market selloff when he told US lawmakers late last month that he had grown more confident in the economic outlook.(REUTERS)
Powell, who took over from former Fed chief Janet Yellen in early February, triggered a brief global market selloff when he told US lawmakers late last month that he had grown more confident in the economic outlook.(REUTERS)

Jerome Powell likely to raise rates in US Fed policy meet, may upgrade 2018 outlook

By HT Correspondent | Reuters, Washington
UPDATED ON MAR 21, 2018 02:31 PM IST
The Fed raised its benchmark overnight lending rate three times last year, as joblessness fell and economic growth accelerated. It is expected to raise rates by another 25 basis points on Wednesday.
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