Treasury Secretary Janet Yellen just wrapped up a four-day visit to Beijing. She met with her Chinese counterparts. She sparked controversy for repeatedly bowing to Chinese Vice Premier He Lifeng. And when she left, Ms. Yellen declared that the meetings were productive, although they didn’t result in any breakthroughs on policy. So what’s this really…

Treasury Secretary Janet Yellen just wrapped up a four-day visit to Beijing. She met with her Chinese counterparts. She sparked controversy for repeatedly bowing to Chinese Vice Premier He Lifeng. And when she left, Ms. Yellen declared that the meetings were productive, although they didn’t result in any breakthroughs on policy. So what’s this really…

Treasury Secretary Janet Yellen just wrapped up a four-day visit to Beijing. She met with her Chinese counterparts. She sparked controversy for repeatedly bowing to Chinese Vice Premier He Lifeng. And when she left, Ms. Yellen declared that the meetings were productive, although they didn’t result in any breakthroughs on policy. So what’s this really…

Former Treasury secretary Lawrence Summers sees a “real risk” of stagflation in the U.S. economy and believes the Federal Reserve committed a mistake by not recognizing inflation earlier on. In an April 20 podcast with journalist Kara Swisher, Summers was asked about economist Mohamed El-Erian’s warning that the crisis triggered by the collapse of Silicon…

WASHINGTON—Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes. Yellen said in a “Fareed Zakaria GPS” interview that policy actions to stem the systemic threat caused by last month’s…

U.S. Treasury Secretary Janet Yellen testifies at a hearing held by the Senate Appropriation Committee’s Financial Services and General Government Subcommittee at 2:30 p.m. ET on March 22. …

U.S. Treasury Secretary Janet Yellen testifies at a hearing held by the Senate Appropriation Committee’s Financial Services and General Government Subcommittee at 2:30 p.m. ET on March 22. …

U.S. Treasury Secretary Janet Yellen testifies to the U.S. Senate Finance Committee at 10 a.m. ET on March 16 in a hearing on The President’s Fiscal Year 2024 Budget. …

U.S. Treasury Secretary Janet Yellen testifies to the U.S. Senate Finance Committee at 10 a.m. ET on March 16 in a hearing on The President’s Fiscal Year 2024 Budget. …

Former U.S. Treasury Secretary Steve Mnuchin has weighed in on the recession debate, stating that he believes the United States is already in the midst of an economic downturn that will continue for the next two years. Speaking at Saudi Arabia’s Future Investment Initiative (FII) conference in Riyadh on Wednesday, Mnuchin, who served under President Donald Trump’s…