Wall Street Turns Red, Dollar Dips as Fed Chairman Powell Warns of Persistent Inflation

[ad_1] Last Updated: May 19, 2023, 23:46 IST Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. (AP Photo) All three major U.S. stock indexes turned red as Powell said the central bank has not made any decisions about whether rates are “sufficiently … Read more

US Could Default as Soon as June 1, Says Treasury Secretary Yellen

[ad_1] Last Updated: May 02, 2023, 04:00 IST In January, Yellen sent a letter to congressional leaders, stating that her department had begun resorting to “extraordinary measures” to avoid a federal government default. (Image: Janet Yellen/Twitter) On Monday, the Congressional Budget Office reported that it saw a greater risk of the U.S. running out of … Read more

US Sanctions May Risk Hegemony of Dollar, Says Treasury Secretary Yellen

[ad_1] Last Updated: April 17, 2023, 02:03 IST Yellen noted that sanctions are an extremely important tool, all the more so when used by the United States and its allies as a coalition of partners acting together to impose these sanctions. (Image: Janet Yellen/Twitter) The robust US capital markets and rule of law “are essential … Read more