Treasury Secretary Janet Yellen said the situation around US banks was “stabilizing,” though regulators stood ready to repeat the extraordinary actions taken in March to contain depositor runs.
A major production cut announced over the weekend by oil producing nations in the OPEC+ alliance will add uncertainty to the global economy and burden consumers amid already high inflation, Yellen was reported saying Monday.
Yellen told US lawmakers that she wants World Bank reforms to vastly expand lending to fight climate change and other global crises, largely by stretching the bank's existing resources, adopting innovative financing policies and mobilizing private finance.
China calls US debt trap accusation irresponsible bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.