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Janet Yellen

Yellen says Biden COVID bill to fuel ‘very strong’ US recovery

Yellen says Biden COVID bill to fuel ‘very strong’ US recovery

  • This is a bill that will really provide Americans the relief they need to get to the other side of the pandemic, and we expect the resources here to really fuel a very strong economic recovery.
  • "If it turns out to be inflationary, there are tools to deal with that, and we'll monitor that closely," Yellen said of the bill's measures.
Published 08 Mar, 2021 08:06pm
Yellen says to judge Biden stimulus on speed of return to pre-pandemic unemployment
World

Yellen says to judge Biden stimulus on speed of return to pre-pandemic unemployment

  • The current US unemployment rate is 6.3%, compared with 3.5% before the pandemic - a level widely viewed as effectively full employment.
  • Success to me would be if we could get back to pre-pandemic levels of unemployment and see the re-employment of those who have lost jobs in the service sector, particularly - I would also consider them a measure of success.
Published 22 Feb, 2021 09:38pm
G7 seen backing issuance of new IMF SDRs
World

G7 seen backing issuance of new IMF SDRs

  • One IMF expert said a $500 billion boost in SDRs would deliver some $14 billion in added reserves to low-income countries and $60 billion to emerging markets, but others said the yields could be much higher.
Published 12 Feb, 2021 10:58am
Australian shares up
Markets

Australian shares up

SYDNEY/WELLINGTON: Australian shares advanced on Monday on rising hopes of a broader economic recovery after US...
Published 09 Feb, 2021 04:43am
Japan, US reaffirm readiness to use bold steps to escape crisis: Aso
World

Japan, US reaffirm readiness to use bold steps to escape crisis: Aso

  • Speaking after his first talks with Yellen since she became the new US Treasury Secretary, Aso said they had also agreed that it was important to hold close discussions on foreign exchange rates.
  • We reaffirmed that it's important to maintain G7 (Group of Seven) as well as G20 (Group of 20) agreements of up until now.
Published 01 Feb, 2021 08:38pm