Atlanta Fed President defends policy, says inflation is a sign of healthy economy oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.
U.S. Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in shares of GameStop Corp , silver and other stocks favored on social media.
Thursday, 21 Jan 2021 07:44 PM MYT
Former Federal Reserve Chairman Janet Yellen speaks during a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, US, January 4, 2019. Reuters pic
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WASHINGTON, Jan 21 At US Treasury Secretary-designate Janet Yellen’s confirmation hearing Tuesday she nodded to the need for the federal debt to be put on a “sustainable” path, at least eventually.
Her more extensive comments defending President Joe Biden’s US$1.9 trillion (RM7.7 trillion) coronavirus spending plan, however, reflected a steady shift in economists’ thinking about the mountains of government debt across the developed world that has been underway for a decade and has roots in the near collapse of the euro zone.