Browsing: Janet Yellen

Treasury Secretary Janet Yellen said the U.S. would consider imposing tariffs and other trade barriers on China to protect industries impacted by Beijing’s ramped-up production.  “We are trying to nurture an industry in, for example, solar cells, electric batteries, electric vehicles,” Yellen said Wednesday in Alaska during a stopover before going to China, according to…

Treasure Secretary Janet Yellen argued Thursday for President Biden’s budget proposal, which features tax increases for the wealthiest Americans and an expanded child tax credit. During a Senate Finance Committee hearing on the president’s budget proposal, Yellen also mentioned that the Biden administration will “continue to oppose misguided proposals that will grow the deficit…

Treasury Secretary Janet Yellen stated that she feels sorry for characterizing inflation in 2021 as “transitory,” a term used by several Federal Reserve and Biden administration officials to describe the pandemic-induced price surges they initially believed would be short-lived. “I regret saying it was transitory. It has come down. But I think transitory means a few weeks or months…