Free Republic

The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on tackling the failure of a large bank. Wrapping up four days of meetings in China, Yellen issued a stern warning to Chinese banks that facilitating transactions providing material support or dual-use goods to Russia for its Ukraine war effort would lead to "significant consequences."

During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen said that “Some low-income consumers are perhaps exhausting their buffers of saving[s] that they built up during the pandemic, we’re seeing a little bit more distress at the household level there.” But despite that, “we’ve got a good, strong economy” with “very strong domestic demand” that is “on a solid track” and “generally, households are in very good financial shape.” CNBC host Sara Eisen said, “I guess I’m just wondering if the economy continues to hold up, no matter what happens on the Fed.”

During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen responded to a question on whether she is confident that inflation will hit the target rate of 2% by stating that she expects that inflation “will continue to come down over time.” And “we can certainly get into the twos.” Yellen also stated that “we’ve had generally good news on inflation.” CNBC host Sara Eisen asked, “You’re still confident we can get to 2% this year? We’ve seen a little bit of a flare-up so far this year.”

US Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said could cause global economic dislocation and to create a level-playing field for American companies and workers. Starting a five-day visit to China in one of the country’s major industrial and export hubs, she said she would raise industrial overcapacity and what the US considers to be unfair Chinese trade practices during what will likely be tough talks with senior China officials. “There are a broad swath of economic interactions” between the US and China “that should remain uncontroversial,” she said at an event...

On Wednesday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Treasury Secretary Janet Yellen stated that a key plank of President Joe Biden’s agenda to lower costs is by “creating incentives to dramatically improve the use of clean energy in the United States” and “over time, this will help lower household energy costs.” Host Andrea Mitchell asked, “[H]ow can you — I know you’re in Georgia today — help get the message to people that the economy is better and improve it even more, get those grocery prices down, help bring down the prices that people are feeling at their kitchen table?”

"My expectation would be that ultimately there'll be insurance payments." 30 second video at link. Bonus clip: RNC Research @RNCResearch Treasury Sec. Janet Yellen claims Biden's priority is "getting the cost of living down" and "lowering energy prices." FACT: Overall prices are up 18.6%, electricity costs are up 28.4%, and gas prices are up 48% since Biden took office. https://twitter.com/RNCResearch/status/1773031172810961263

Sec. Yellen is asked about Biden's plan to raise taxes for Social Security. She doesn't have a clue, but is in charge of it.

As Americans have continued to sound off over sticker shock on retail and grocery shelves, the U.S. Treasury secretary admitted Wednesday that her public predictions were wrong. "I regret saying it was transitory [inflation]. It has come down, but I think transitory means a few weeks or months to most people. And it's lasted longer than that," Janet Yellen told FOX Business’ Edward Lawrence in an exclusive interview. In early June 2021, Yellen had tamped down inflationary concerns, claiming rising costs and the contributing factors were "transitory," a term used to describe temporary market conditions. "We have in recent months...

During an interview with the Fox Business Network on Wednesday, Treasury Secretary Janet Yellen answered a question on record credit card spending by stating that we still have strong credit quality and delinquencies have gone up a small amount from a historically low level and while “particularly lower-income households are borrowing again on credit cards. I see that as a normalization, rather than a disturbing new trend.” Fox Business White House Correspondent Edward Lawrence asked, [relevant exchange begins around 4:05] “Last year, many economists predicted a recession this year. We haven’t seen it. It looks like we may not see...

President Biden's Treasury Secretary Janet Yellen dodged multiple questions from Republicans about why her department instructed banks to comb through Americans' bank records after January 6 looking for 'extremists.' Federal investigators in Treasury's Financial Crimes Enforcement Network (FinCEN) asked U.S. banks to scour customer transactions for key terms like 'MAGA' and 'Trump,' Republicans revealed in January. The federal government was specifically 'watching' Trump supporters and Americans who frequent outdoor stores such as Cabela's, Dick's Sporting Goods and Bass Pro Shops, and also those who purchased religious texts, such as a Bible.

Treasury Secretary Janet Yellen just admitted what the rest of Americans already knew: high prices are here to stay. Example? Food prices (CPI) are up over 20% under Inflation Joe while gasoline prices are up 38% under Clueless Joe. On the housing front, the Case-Shiller National Home Price Index is up 33.2% under Biden. And Freddie Mac’s 3-year mortgage rate is up 154% under Biden’s leadership (c’mon man! Obama is pulling the strings on Puppet Joe). Speaking during an interview with ABC News Live over the weekend, Treasury Secretary Janet Yellen admitted prices aren’t going down, contradicting arguments repeatedly made...

Did you see the recent government propaganda from the U.S. Bureau of Labor Statistics? Not the latest faulty claim that consumer prices increased at an annual rate of just 3.4 percent in December. But rather the claim that 216,000 jobs were added in December. Upon release, and right on cue, Treasury Secretary Janet Yellen declared that the U.S. economy had achieved a soft landing. She also said that her “hope is that it will continue.” What Yellen neglected to mention was that October employment was revised down by 45,000 jobs and November was revised down by 26,000 jobs. That’s 71,000...

Treasury Secretary Janet Yellen said Friday the U.S. economy is achieving a “soft landing” as inflation continues to ease without showing signs of a significant economic downturn. “What we’re seeing now I think we can describe as a soft landing, and my hope is that it will continue,” Yellen said in an interview on CNN. “The American people did it,” she added. “The American people go to work every day, participate in the labor market, form new businesses. But President Biden has tried to create incentives that give Americans the tools they need to help this economy grow.”

On Monday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen acknowledged that we do need to have a fiscally responsible path, especially since “the higher interest rate environment does pose additional challenges” but we don’t need offsets for Israel and Ukraine spending since they are emergency spending. After Yellen pushed for the aid package proposed by the Biden administration for Israel and Ukraine, co-host Andrew Ross Sorkin asked, “[W]e are having our debt and deficit go up and up and up and up and up. We had Stan Druckenmiller on our program recently. He said, we are spending like...

On Monday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen pushed for the aid package on Israel and Ukraine proposed by President Joe Biden and stated that Europe needs “us to do our part for this to hold together as a package” on Ukraine. Yellen said, “Well, it’s a critical priority for the President, and critical to the national security of our country. I can’t prognosticate about the timetable on this. I’m pleased that Congress has passed legislation to keep the government open and running, but it really is essential that this aid be provided both to Israel and...

Secretary Janet Yellen @SecYellen Providing aid to Ukraine is vital to protecting our national security interests. We can’t allow Ukraine to lose a battle on the home front because it lacks enough money to keep schoolteachers and first responders on the job when it's fighting valiantly on the battlefield.

On Monday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen acknowledged that “Americans still see increases in some important prices, including food, from where we were prior to the pandemic.” And responded to poor polling data on the economy by stating that “it’s our job to explain to Americans what President Biden has done to improve the economy. I think as inflation comes down, prices stop rising, and the labor market remains strong, Americans will begin to see that we have made meaningful progress.”

President Joe Biden’s Treasury Secretary Janet Yellen reverently welcomed Chinese President Xi Jinping by applauding his arrival at the San Francisco Airport on Tuesday. Yellen’s display of veneration appears to confirm White House critics who believe the Biden administration consistently kowtows to China. The incident occurred as Xi slowly walked down the airstairs to meet Gov. Gavin Newsom (D) Tuesday afternoon, footage posted on X by the Republican National Committee’s War Room revealed. As he did so, the video pans to capture Yellen clapping Xi’s descent, while individuals who appeared to be of Asian ancestry clapped next to her.

Treasury Secretary Janet Yellen said she disagrees with the recent move by Moody’s Investors Service’s to shift the U.S. outlook from stable to negative. “The American economy is fundamentally strong and Treasury securities remain the world’s preeminent safe and liquid asset,” Yellen said Monday following the APEC Finance Ministers’ Meeting in San Francisco. The Moody’s move is “a decision that I disagree with,” Yellen added. While the U.S. still has its “AAA” rating from Moody’s, the agency called higher interest rates and the rising debt a risk to America’s fiscal strength.

Appartently, Joe Biden and fellow big spenders in Washington DC, Mordor on The Potomac, don’t care about fiscal discipline. With seemingly endless spending of wars (Ukraine, Israel, Taiwan and the invasion at our southern border, and inane “green” spending, Janet Yellen and the US Treasury will be auctioning off $776 billion of debt in the final quarter of calendar 2023, a bit below market expectations. Treasury said it will auction another $816 billion in the first quarter of 2024. So, that is yet another $1.6 TRILLION in debt. The rapid rise in US yields to ~5% points to the government’s...