35 Burst results for "Yellen"

Janet Yellen: Roe v. Wade Reversal Would Damage the Economy

Mark Levin

00:41 sec | Last week

Janet Yellen: Roe v. Wade Reversal Would Damage the Economy

"Janet Yellen cut one go Well I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades Roe V wade and access to reproductive healthcare including abortion helped lead to increased labor force participation It enabled many women to finish school that increased their earning potential it allowed women to plan and balance their families and careers

Janet Yellen Roe V Wade
Sen. Tim Scott Responds to Janet Yellen's Pro-Abortion Comments

Mark Levin

01:55 min | Last week

Sen. Tim Scott Responds to Janet Yellen's Pro-Abortion Comments

"And here is his response cut to go Some of your comments in response to bob's question I found troubling And just from a clarity's sake did you say that ending the life of a child is good for the labor force participation rate Giving someone the let me just quote what you said that ultimately increasing access to abortion and reproductive healthcare allows for our labor force participation rate to continue to increase that denying women access to abortion increases their odds of living in poverty or need for public assistance to the guy who was raised by a single mom who worked long hours to keep us out of poverty I think people can disagree on the issue of being pro life or pro abortion but in the end I think framing it in the context of labor force participation is it just feels calloused to me I think finding a way to have a debate around abortion in a meaning for the economic stability of our country is harsh and I'm just surprised that we find ways to weave into every facet of our lives Such an important and painful reality for so many people to make it sound like it's just another .4% added to our labor force participation as a result of the issue of abortion just to me seems

BOB
Why Are Democrats So Brazenly Tone Deaf? Amber Athey Explains

The Charlie Kirk Show

01:31 min | Last week

Why Are Democrats So Brazenly Tone Deaf? Amber Athey Explains

"You know, we were talking in the break here about just how out of touch this Democrat party feels. I mean, you've got secretary Yellen there, basically parroting lines from market singer. I mean, obviously the founder of Planned Parenthood. I mean, this is, they're so out of touch, and I think you had a really good take on that. You live in the swamp amber. Why are they so just brazenly tone deaf? To me, the Biden administration and its most public facing officials are just the stereotype of the D.C. rich white liberal who is so insulated from people who live average lives and have struggles that they are in this bubble with each other and they focus on these really strange issues that really don't resonate for most people who live in the country. They're the type of people who have the sign outside of their house that says, you know, in this house, we believe Black Lives Matter and science is real. And then they have a Ukraine flag hanging up above their door. And meanwhile, they live in neighborhoods where they've probably never even met a black person besides somebody who might come to their house to deliver a UPS package. This is the type of person that we have put in the Biden administration. And they're in charge of making policy for the rest of the country, even though they have no idea the types of lives that most people live outside of this little beltway area.

Yellen Biden Administration Democrat Party Planned Parenthood D.C. Ukraine
Supreme Court Justices Face Threat Over Leaked Draft

The Hugh Hewitt Show: Highly Concentrated

01:25 min | Last week

Supreme Court Justices Face Threat Over Leaked Draft

"I want to argue that with you because if they've got 5 firm votes and they know that they're going to overrule roe and Casey and they've just got to let the descents put their descent together and maybe the chief does a concurrence like he did in citizens united while joining the majority. There are lots of things that could happen. But if there are 5 votes to say we're going to overturn roe and Casey, the present danger to justices of fanatics is real. And I drove past Sunday last. The softball baseball field where the Bernie Sanders supporter stalked prepared and tried to kill half the Congress. And we have a number of fanatics in this country. And if you incentivize them to do something, like harm a justice, I just, I'm not comfortable with that. Remove the incentive. They can't change the decision once. How does releasing the vote remove the incentive? Because it's not a judgment until it issues from the court as a judgment. And so if a judge were to try his or her car off of a cliff tomorrow, by accident, the majority vanishes. They have it issued a judgment. So it can change into the last day. But that doesn't. I mean, if the vote total becomes known and it is to overturn roe and Casey, I don't think that changes. I mean, you're knowledge of the procedures of the Supreme Court exceeds that of most Americans. I think that if I had lunch yesterday with a I had lunch yesterday Republicans voted to take away a woman's right to choose.

ROE Casey Bernie Sanders Softball Baseball United Congress Supreme Court
White House Struggles With Inflation Messaging

The Hugh Hewitt Show: Highly Concentrated

01:24 min | Last week

White House Struggles With Inflation Messaging

"So I managed to walk the audience through the president's fiasco of a presser yesterday. Did you watch it live? Yes. I watched it live and I listened to your summation. What did you make of this? Can we put up with this for two and a half more years? Well, here's one thing that I was thinking about as I listened to you. And it had almost your presentation had almost had it's just too easy feel to it. Yes. One thing I would one thing I would suggest is The White House puts it like any other White House puts out fact information sheets for whatever policy or initiative the president is announcing. And with the Biden White House, you get to see what he's going to announce, but without all the fun things that the president says like being able to taste your frustration with inflation. And one of the things that I thought was really interesting yesterday about this. And it wasn't really featured as much. But they're absolutely not backing down an inch from their environmental green energy agenda. As a matter of fact, they've decided that pursuing the green energy agenda is the way to bring down inflation.

White House Biden
"yellen" Discussed on The Hugh Hewitt Show: Highly Concentrated

The Hugh Hewitt Show: Highly Concentrated

01:44 min | Last week

"yellen" Discussed on The Hugh Hewitt Show: Highly Concentrated

"Roe V wade reversal would be very damaging the economy says Janet Yellen. I believe I've got that clip somewhere. Let me see where I can cut number 26th place. This is absurd. Certainly don't mean to. Say what I think the effects are in a manner that's harsh. What we're talking about is whether or not women will have the ability to regulate their reproductive. Situation in ways that will enable them to plan lives that are fulfilling and satisfying for them. And one aspect of the satisfying life is being able to feel that you have the financial resources to raise a child that the children you bring into the world are wanted and that you have the ability to take care of them in many cases, abortions are of teenage women, particularly low income and often black who aren't in a position to be able to care for children have unexpected pregnancies and it deprives them of the ability often to continue their education to later participate in the workforce. So there is a spillover into labor force participation, but it means that children will grow up in poverty and do worse themselves. Thank you. Let me just say that. The children will grow up is the operative phrase there, and that's

Janet Yellen Jeff maurer The New York Times John Oliver U.S. Elon Musk Byron York Hugh Hewitt Washington examiner Treasury bonjour Joe Biden White House EPA Biden Fox News Byron Hugh Jeff
Yellen Says Eliminating Abortion Rights Would Harm Economy

The Hugh Hewitt Show: Highly Concentrated

01:44 min | Last week

Yellen Says Eliminating Abortion Rights Would Harm Economy

"Roe V wade reversal would be very damaging the economy says Janet Yellen. I believe I've got that clip somewhere. Let me see where I can cut number 26th place. This is absurd. Certainly don't mean to. Say what I think the effects are in a manner that's harsh. What we're talking about is whether or not women will have the ability to regulate their reproductive. Situation in ways that will enable them to plan lives that are fulfilling and satisfying for them. And one aspect of the satisfying life is being able to feel that you have the financial resources to raise a child that the children you bring into the world are wanted and that you have the ability to take care of them in many cases, abortions are of teenage women, particularly low income and often black who aren't in a position to be able to care for children have unexpected pregnancies and it deprives them of the ability often to continue their education to later participate in the workforce. So there is a spillover into labor force participation, but it means that children will grow up in poverty and do worse themselves. Thank you. Let me just say that. The children will grow up is the operative phrase there, and that's

Roe V Wade Janet Yellen
US Spy Chief Warns Putin Is Preparing for 'Prolonged' War in Ukraine

The Hugh Hewitt Show: Highly Concentrated

00:40 sec | Last week

US Spy Chief Warns Putin Is Preparing for 'Prolonged' War in Ukraine

"News. Vladimir Putin gearing up for a prolonged war and will not stop at the Donbass, according to the telegraph, the Financial Times hits the same note. Vladimir Putin preparing for a prolonged conflict in Ukraine, both of these are based upon statements by the director of national intelligence Avril Haines in the United States. The DNI is Avril Haines. He said we have assessed that Putin's just going to consolidate his gains in the Donbass and then push on. This has prompted his well, the prime minister of Poland to issue a statement, his name is Mauro weki, that Vladimir Putin is quote more dangerous than Adolf Hitler or Joseph Stalin because of his ideology and because of the weapons that he possesses.

Avril Haines Vladimir Putin Donbass The Financial Times DNI Ukraine Putin Mauro Weki United States Poland Adolf Hitler Joseph Stalin
Eric Chats to Charles Thorngren, CEO of Legacy Precious Metals

The Eric Metaxas Show

01:55 min | 3 weeks ago

Eric Chats to Charles Thorngren, CEO of Legacy Precious Metals

"He's the CEO of legacy precious metals. And here he is, Charles Thornton, welcome to the program. Thanks, Eric. Thanks for having me. Well, I know the basics, but I thought there was an article recently that I read where treasury secretary Janet Yellen was just talking about the economic chaos that lies ahead. I mean, I think most people know the economy is to use the technical term L stinko. And so, you know, your financial expert, how did we get to this place? And what can people do about it? Because people are asking me, and I don't have the answer. What should I invest in? It's a big question, but I think if we look and we really are honest about how we got here. It's several administrations worth of bad money management. We have run a deficit in this nation that's unsustainable for quite some time. And we've seen that become even hyper exaggerated with this new administration. With $9 trillion in debt, you put yourself in a situation where your dollar doesn't have the equity that it's supposed to. And ultimately, when we talk about our economy, we want to talk about the lives that we're living, how it affects us. The quality of our life. And that's what we lose by having a weakened dollar. We parlay that into our retirement accounts. And where we keep our money usually in the equities markets. The market is so over exaggerated in its value right now. From years and years of quantitative easing and free money and easy money that that has to come into play and be

Charles Thornton Janet Yellen Treasury Eric
Fed Chair Janet Yellen Says US Shouldn't Expect a Recession

The Trish Regan Show

01:32 min | Last month

Fed Chair Janet Yellen Says US Shouldn't Expect a Recession

"Janet Yellen had a few things to say on this. She's speaking of course at one of the IMF events and didn't interview actually on CNBC with Christina Lagarde and she seems to think that, you know, hey, everything, everything's going to be okay. Listen to her here. I don't expect a recession. Obviously, we are living in our time that's very challenging. And developments in Russia, Ukraine, and yeah, I don't know, is we're not going to have a recession. Wishful thinking, perhaps. On the part of the treasury secretary, I keep in mind she has the treasury secretary now, right? So she has to be, well, she has to carry a certain amount of water for the administration, of course, and nobody wants to talk about recession or recognize that that's a threat, but indeed it is. In fact, Goldman Sachs out recently with the report saying that there was a 35% chance of recession. You've seen a number of banks actually incidentally Deutsche Bank was another come out with increasingly increasing odds of recession. And so this is starting to become part of everybody's vocabulary. I actually think that the odds of recession are way higher and I'm putting them around 85%, 85% chance of recession because there's got to be a pullback in that people can not continue affording what we're seeing, gas prices, for example, food prices, and all of this is protected to grow, continually worse.

Janet Yellen Christina Lagarde Treasury Cnbc IMF Ukraine Russia Goldman Sachs Deutsche Bank
Yellen says new $500M is 'only the beginning' of Ukraine aid

AP News Radio

01:00 min | Last month

Yellen says new $500M is 'only the beginning' of Ukraine aid

"In in in in addition addition addition addition to to to to military military military military aid aid aid aid the the the the US US US US is is is is stepping stepping stepping stepping up up up up financial financial financial financial assistance assistance assistance assistance to to to to Ukraine Ukraine Ukraine Ukraine I'm I'm I'm I'm Brian Brian Brian Brian Thomas Thomas Thomas Thomas with with with with the the the the latest latest latest latest treasury treasury treasury treasury secretary secretary secretary secretary Janet Janet Janet Janet Yellen Yellen Yellen Yellen says says says says an an an an additional additional additional additional five five five five hundred hundred hundred hundred million million million million dollars dollars dollars dollars is is is is intended intended intended intended to to to to help help help help Ukraine Ukraine Ukraine Ukraine sustained sustained sustained sustained critical critical critical critical government government government government operations operations operations operations that that that that fends fends fends fends off off off off Russia's Russia's Russia's Russia's invasion invasion invasion invasion salaries salaries salaries salaries pensions pensions pensions pensions and and and and other other other other social social social social assistance assistance assistance assistance programs programs programs programs necessary necessary necessary necessary to to to to avoid avoid avoid avoid worsening worsening worsening worsening of of of of the the the the humanitarian humanitarian humanitarian humanitarian situation situation situation situation the the the the new new new new funding funding funding funding is is is is on on on on top top top top of of of of another another another another five five five five hundred hundred hundred hundred million million million million dollars dollars dollars dollars in in in in economic economic economic economic aid aid aid aid president president president president Biden Biden Biden Biden unveiled unveiled unveiled unveiled in in in in March March March March we we we we know know know know this this this this is is is is only only only only the the the the beginning beginning beginning beginning of of of of what what what what you you you you crane crane crane crane we'll we'll we'll we'll need need need need to to to to rebuild rebuild rebuild rebuild on on on on sanctions sanctions sanctions sanctions asked asked asked asked whether whether whether whether European European European European allies allies allies allies should should should should ban ban ban ban Russian Russian Russian Russian energy energy energy energy imports imports imports imports Europe Europe Europe Europe clearly clearly clearly clearly needs needs needs needs to to to to reduce reduce reduce reduce its its its its dependence dependence dependence dependence on on on on Russia Russia Russia Russia Yellen Yellen Yellen Yellen cautioned cautioned cautioned cautioned European European European European ban ban ban ban on on on on Russian Russian Russian Russian oil oil oil oil could could could could backfire backfire backfire backfire that that that that would would would would clearly clearly clearly clearly res res res res global global global global oil oil oil oil prices prices prices prices having having having having less less less less of of of of an an an an impact impact impact impact on on on on Russia Russia Russia Russia than than than than the the the the rest rest rest rest of of of of the the the the world world world world Ben Ben Ben Ben Thomas Thomas Thomas Thomas Washington Washington Washington Washington

Ukraine Russia Brian Brian Brian Brian Thomas Treasury Treasury Treasury Tre Yellen United States President President President Europe Yellen Yellen Yellen Yellen European European European Eur Ben Ben Ben Ben Thomas Thomas Washington
 Yellen, Ukraine official walk out of Russia's G-20 remarks

AP News Radio

00:41 sec | Last month

Yellen, Ukraine official walk out of Russia's G-20 remarks

"Russia's Russia's Russia's Russia's war war war war against against against against Ukraine Ukraine Ukraine Ukraine has has has has again again again again taken taken taken taken center center center center stage stage stage stage at at at at high high high high level level level level meetings meetings meetings meetings in in in in Washington Washington Washington Washington treasury treasury treasury treasury secretary secretary secretary secretary Janet Janet Janet Janet Yellen Yellen Yellen Yellen and and and and her her her her Ukrainian Ukrainian Ukrainian Ukrainian counterpart counterpart counterpart counterpart walked walked walked walked out out out out of of of of the the the the G. G. G. G. twenty twenty twenty twenty meeting meeting meeting meeting today today today today as as as as Russia's Russia's Russia's Russia's representative representative representative representative started started started started speaking speaking speaking speaking an an an an official official official official familiar familiar familiar familiar with with with with the the the the private private private private meeting meeting meeting meeting says says says says several several several several other other other other finance finance finance finance ministers ministers ministers ministers and and and and central central central central bank bank bank bank governors governors governors governors also also also also left left left left some some some some who who who who attended attended attended attended virtually virtually virtually virtually turned turned turned turned off off off off their their their their cameras cameras cameras cameras when when when when the the the the Russian Russian Russian Russian spoke spoke spoke spoke Yellen Yellen Yellen Yellen had had had had been been been been expected expected expected expected to to to to try try try try and and and and avoid avoid avoid avoid contact contact contact contact with with with with the the the the Russians Russians Russians Russians appearing appearing appearing appearing virtually virtually virtually virtually at at at at some some some some G. G. G. G. twenty twenty twenty twenty events events events events president president president president Biden Biden Biden Biden has has has has said said said said Russia Russia Russia Russia should should should should no no no no longer longer longer longer be be be be a a a a member member member member of of of of the the the the group group group group of of of of the the the the world's world's world's world's biggest biggest biggest biggest economies economies economies economies Sager Sager Sager Sager mag mag mag mag ani ani ani ani at at at at the the the the White White White White House House House House Russia's Russia's Russia's Russia's war war war war against against against against Ukraine Ukraine Ukraine Ukraine has has has has again again again again taken taken taken taken center center center center stage stage stage stage at at at at high high high high level level level level meetings meetings meetings meetings in in in in Washington Washington Washington Washington treasury treasury treasury treasury secretary secretary secretary secretary Janet Janet Janet Janet Yellen Yellen Yellen Yellen and and and and her her her her Ukrainian Ukrainian Ukrainian Ukrainian counterpart counterpart counterpart counterpart walked walked walked walked out out out out of of of of the the the the G. G. G. G. twenty twenty twenty twenty meeting meeting meeting meeting today today today today as as as as Russia's Russia's Russia's Russia's representative representative representative representative started started started started speaking speaking speaking speaking an an an an official official official official familiar familiar familiar familiar with with with with the the the the private private private private meeting meeting meeting meeting says says says says several several several several other other other other finance finance finance finance ministers ministers ministers ministers and and and and central central central central bank bank bank bank governors governors governors governors also also also also left left left left some some some some who who who who attended attended attended attended virtually virtually virtually virtually turned turned turned turned off off off off their their their their cameras cameras cameras cameras when when when when the the the the Russian Russian Russian Russian spoke spoke spoke spoke yell yell yell yell and and and and had had had had been been been been expected expected expected expected to to to to try try try try and and and and avoid avoid avoid avoid contact contact contact contact with with with with the the the the Russians Russians Russians Russians appearing appearing appearing appearing virtually virtually virtually virtually at at at at some some some some G. G. G. G. twenty twenty twenty twenty events events events events president president president president Biden Biden Biden Biden has has has has said said said said Russia Russia Russia Russia should should should should no no no no longer longer longer longer be be be be a a a a member member member member of of of of the the the the group group group group of of of of the the the the world's world's world's world's biggest biggest biggest biggest economies economies economies economies Sager Sager Sager Sager mag mag mag mag ani ani ani ani at at at at the the the the White White White White House House House House Russia's Russia's Russia's Russia's war war war war against against against against Ukraine Ukraine Ukraine Ukraine has has has has again again again again taken taken taken taken center center center center stage stage stage stage at at at at high high high high level level level level meetings meetings meetings meetings in in in in Washington Washington Washington Washington treasury treasury treasury treasury

Russia G. G. G. G. Washington Treasury Treasury Treasury Tre Yellen Russian Russian Russian Russia Group Group Group Yellen Yellen Yellen Yellen World's World's World's World Sager Sager Sager Sager Ani Ani Ani Ani White White White White House Biden Biden Biden Biden President President President Treasury Treasury Treasury Tre
Janet Yellen Blames Russia-Ukraine War for Rising Prices

The Trish Regan Show

01:23 min | Last month

Janet Yellen Blames Russia-Ukraine War for Rising Prices

"Turning right now to the administration's favorite talking point. It's Russia's fault. It's all Russia's fault. Her Janet Yellen came out with a speech today at the annual IMF meeting. And she said on the world stage and I quote price and supply shocks are already materializing, adding to global inflationary pressures, creating risks to external balances and undermining the recovery from the pandemic. I want to be clear Russia's actions are responsible for this. Are you kidding me? I mean, look, I mean, yes, Russia is going to be a huge problem economically in the future. We're already seeing, of course, the influence on Russian Nat gas and oil coming off the market in terms of oil prices having moved higher, but let me tell you, it's nothing yet, right? I predicted a buck $3030 that we might be seeing in terms of oil prices per barrel. And I think you could see $9 at the gas pump. So in other words, it hasn't even really happened yet. We've just had a few weeks of dealing with the price increases in pressure from Russia. Everything that we've got, that 8 and a half percent increase in inflation, the highest in what 40 years, the increase in wholesale prices highest ever, that's all on Joe.

Russia Janet Yellen IMF JOE
Jen Psaki Breaks Down Over Florida's Parental Rights Bill

The Charlie Kirk Show

00:44 sec | Last month

Jen Psaki Breaks Down Over Florida's Parental Rights Bill

"Okay, let's get to some sound here. Let's go to this ridiculous clip here. Jen Psaki breaks down in tears about Florida anti grooming law on a podcast with Jessica Yellen. Play cut 42. This is a political wedge issue and an attempt to win a culture war. And they're doing that in a way that is harsh and cruel to a community of kids, especially. And I'm going to get I'm going to get emotional about this issue because it's horrible. But you know, it's like kids who are bullied and they just make all these leaders are taking steps to hurt them and hurt their lives and hurt their families. Apparently that is now worth crying

Jen Psaki Jessica Yellen Florida
Treasury Sec. Janet Yellen Wants 'Decarbonize Our Economy'

The Charlie Kirk Show

00:53 sec | Last month

Treasury Sec. Janet Yellen Wants 'Decarbonize Our Economy'

"Janet Yellen, who is the treasury secretary, she wants to save the world and instead of actually talking about opening up America's oil and natural gas dominance. Instead of talking about how we will unleash the American entrepreneur, Janet Yellen is saying, well, we have to do is decarbonize our economy. Play cut 70. The recent IPCC reports confirm that our window of opportunity to leave our planet worthy of our children and our grandchildren is even closer to being permanently shut. We must redouble our efforts to decarbonize our economies. Recognizing the countries will use a range of tools, including carbon pricing, regulation, and subsidies to achieve needed emission reductions.

Janet Yellen Treasury Ipcc America
"yellen" Discussed on The Breakdown with NLW

The Breakdown with NLW

08:10 min | Last month

"yellen" Discussed on The Breakdown with NLW

"Today and use referral code breakdown to support the show. Her second lesson that she thinks can help serve as a compass as the government figures out its digital asset strategy is two. When regulation fails to keep pace with innovation, vulnerable people often suffer the greatest harm. This section I like a lot less. She says, we learn this painful lesson during the global financial crisis. Financial institutions called shadow banks and explosion of new financial products allow dangerous levels of risk to accumulate. She's not wrong that there were a set of dangerous new financial products, but it wasn't just from shadow banks. It was from the most vaunted and storied and prominent institutions in U.S. finance writ large. So the legacy of the great financial crisis looms large. She says the S&P 500 fell by more than half and household net worth dropped precipitously. The resulting economic distress was most acute and long-lasting for black Americans and other Americans of color. We need to ensure that the growth of digital assets does not allow similarly dangerous risks to emerge or lead to disproportionate impacts to vulnerable communities. And then she makes what I think is the most arguable statement in the entire piece. She's talking about the systemic risks of stablecoins and says, this is not hypothetical, a stablecoin run occurred in June 2021 when a sharp drop in the price of the assets used to back a stablecoin set off a negative feedback loop of stablecoin redemptions and further price declines. Blockwork says the treasury secretary was presumably referring to iron finances Titan token, which fell to near zero from a high of $65 in mid June 2021 after the iron stablecoin lost its peg to the U.S. dollar. It's not that I think it's illegitimate to look at a very small assets crazy death spiral as a risk factor in the crypto industry or the stablecoin space specifically. What I take issue with is the way that it's set up, clearly to make people think that she's talking about tether or USD C or one of these other multi-billion dollar stablecoins, which just isn't the case. Still, I think if we're just looking at this in the context of this speech, it's very clear that stablecoins are still in the skeptical spotlight. But then we get back on track in this positive shift in tone. Bullet three regulation should be based on risks and activities, not specific examples. She says, wherever possible regulation should be tech neutral. For example, consumers investors and businesses should be protected from fraud and misleading statements regardless of whether assets are stored on a balance sheet or distributed ledger. Similarly, firms that hold customer assets should be required to ensure those assets are not lost stolen or used without the customer's permission. And taxpayers should receive the same type of tax reporting on digital asset transactions that they receive for transactions and stocks and bonds so that they have the information they need to report their income to the IRS. This doesn't seem bullish outwardly, but it actually is quite meaningful. This is a principle that puts crypto and digital assets on an equal footing with financial assets and in that way says that they are no worse than those assets. There is also an implicit and explicit focus in this section on prosecuting bad actors rather than targeting the industry as a whole. The principle of tech neutrality she says is also applicable to concerns related to tax evasion illicit finance and national security. Topics that are particularly pertinent in the world today. It's illegal to evade taxes launder money or avoid sanctions. Doesn't matter whether you're using checks, wires or cryptocurrency. This is something that crypto advocates have been saying forever that these behaviors are the things that are criminalized and people can use any asset, to launder money. In fact, the U.S. dollar is the world's most popular asset for laundering money. To me, this section feels like the one that has had the biggest shift based on what they've seen and learned during the sanctions affair around the Russia Ukraine war. Bullet four, sovereign money is the core of a well functioning financial system in the U.S. benefits from the central role of the dollar and U.S. financial institutions play in global finance. This section starts with a four paragraph reflection on the history of the U.S. monetary system, but I think the real thing here is that Yellen and the administration are getting more comfortable just being clear about the real context for Central Bank digital currencies, which is the role of the dollar in the world. Quote, the dollars international prominence is strongly supported by U.S. institutions and policies. U.S. economic performance opened deep in liquid financial markets, rule of law, and a commitment to a free floating currency. As citizens of this country we derive significant economic and national security benefits from the unique role the dollar in U.S. financial institutions play in the global financial system. The president's executive order asks us to consider whether and how the issuance of a public CBDC would support this role. The 5th bullet is we need to work together to ensure responsible innovation and it's sort of not as significant as the other ones except in the point where the U.S. government is now positioning itself as something of a neutral arbiter between the people who are skeptical of crypto and the people who view it as radically and beneficially transformative. Indeed, they say, quote, such divergence of perspectives has often been associated with new and transformative technologies, which to me suggests that they lean inherently towards the positive side. So I gave you my take right at the beginning in terms of what I think it reflects as a shifting in tone. But let's see what some others in the community think. Jake stravinsky, the head of policy at the blockchain association, said secretary Yellen gave a speech on crypto today, and it was really good. She showed a nuanced understanding of the benefits and risks of responsible innovation, affirmed a tech neutral approach to regulation and clearly isn't trying to rush hasty new rules. Kristen Smith, who's the executive director of the blockchain innovation, has a similar take saying transformative isn't a word you often hear from government officials talking about crypto, but secretary Yellen to find her view on digital assets that way in a speech today. In our view, it's vital and necessary that treasury speaks on these issues, but if you are in the skeptic to anti crypto crowd, this speech plus the Biden executive order should provide a nudge away from FUD and into the camp of those who would like to see crypto thrive in the U.S.. Tony Edward the founder at thinking crypto news says with Biden's crypto executive order, Janet Yellen now focused more on innovation than FUD, Gary gensler asking other regulatory agencies for help and senator lummis and gillibrand's Bill, we are seeing senator Warren and Brad Sherman being disarmed. We're moving in the right direction. Now, I don't want to overstate the positivity here. There are still a lot of critiques, questions, inherent criticisms. This is far from a full throated embrace of digital assets. What's more we still have the lingering question about how much the Central Bank digital currency discussion is going to subsume in overwhelm the private non sovereign peer to peer cryptocurrency discussion. There are big assertions that I disagree with, like those that I pointed out around stablecoins, but with all of that said, the shift in tone is real. I didn't even mention it, but she talked at length about satoshi's innovation, solving the double spend problem, and acknowledging what that opens up as possibilities. For a less intermediated system. To me it reinforces that we are in a very liminal in between moment when it comes to crypto policy in the United States. There is still a lot of push and pull and give and take and a lot of opportunity to drive things in a beneficial way. Anyways, I'll wrap there, guys. Like I said, I'm really excited to dig into the inflation stuff with you tomorrow. But I do think this was the treasury secretary of the United States, if not a one 80 still a meaningful shift in tone around the digital asset space. And I think it was worth going in depth. So either you agree or you didn't and you want your 20 minutes back, but I can't help you there and I can only say that I appreciate you listening. I want to say one more quick thanks again to my sponsors nexo IO, arculus and FTX, and until tomorrow be safe and take care of each other. Peace. Hey breakdown listeners come join coin desks consensus 2022. The festival for the decentralized world this June 9th through the 12th in Austin, Texas. This is the only festival showcasing and celebrating all sides of blockchain, crypto ecosystems, web three, and the metaverse, and is designed for crypto newbies, investors, entrepreneurs, developers, and creators. Don't miss speakers like Kathy wood, SPF, CZ, punk 6 5 two 9 and Joe lubin to name just a few. Use code breakdown to get 15% off your pass at coindesk dot com slash consensus 2022..

U.S. Blockwork secretary Yellen Yellen treasury Titan Jake stravinsky blockchain association Kristen Smith IRS Tony Edward crypto news Janet Yellen Biden senator lummis government senator Warren Ukraine Russia
"yellen" Discussed on The Breakdown with NLW

The Breakdown with NLW

01:42 min | Last month

"yellen" Discussed on The Breakdown with NLW

"Intermediary who should be disrupted..

"yellen" Discussed on Squawk Pod

Squawk Pod

08:32 min | 2 months ago

"yellen" Discussed on Squawk Pod

"As we've been talking about to all morning, the big news this morning, President Biden, the announcing a joint task force who bolster energy security for Ukraine and the European Union, the primary goal to diversify supply of LNG and curb Europe's reliance on Russia for its energy joining us right now in an exclusive interview this morning is treasury secretary Janet Yellen secretary. Thank you for joining us. My pleasure. Thanks for being here. So as we were just discussing energy is the big topic and want to understand from you how you reconcile the administration's climate goals right now with what clearly is a shift in posture around energy and fossil fuels. Well, the climate goals are very important and there's no change in that. If anything, seeing what's happening because of our dependence on global markets for oil and to some extent natural gas just emphasizes the importance of making the transition that will shield us from events in Russia, global developments that can negatively impact our oil markets, we really want to move and see the need all of us the United States and our allies to move quickly to renewables that will give us a safer and more independent energy picture. But clearly in the short term, that's not going to work, including there's going to be an effort to push for more fossil fuels. Jamie Dimon, JPMorgan, CEO, telling the administration that they need to create a Marshall plan around fossil fuels and energy. What do you think of that? Well, I don't really want to get into what happened in a private meeting, but I certainly agree that we are looking very carefully at the global energy situation, we have banned Russian oil imports from the United States, but are dependent is in very high. We recognize how important Russian oil and natural gas imports are for our European partners and the recognize and we recognize how important it is to reduce that dependence to the maximum extent possible in the short run, which goes to this morning's announcement by President Biden about our enhanced cooperation on LNG. But it's not possible to completely eliminate that dependence search. Do you think the investor class has to rethink its position on fossil fuels? And I say that only because there has been a real shift towards ESG over the past several years. And whether that idea needs to be suspended to some degree relative to what's happening now and the national security issues that it is either creating or has created. I don't think that the ESG movement ends the emphasis on climate change is creating the problems that we have, if anything, the problem is that we haven't moved as rapidly as we should have Europe and the United States would be less exposed to the pressures that this conflict is putting on our energy markets if we had greater reliance on renewables. So that remains firmly appropriate as medium and longer term goal, but in the short run our ability to punish Russia for really the horrific acts that they're committing in Ukraine. And to degrade their power and influence in the world economy. It would be greater if there were less dependence on Russian oil. But in the immediate term. One of the things that's happening in the United States, for example, is the SEC just put out a notice about proposals around climate disclosure. Do you think some of those policies shift in terms of either timing or otherwise as a result of what we're seeing right now? So I was shortened to see the SEC proposal. It's something that the financial stability oversight council has focused on our partners around the world. And the investing community. Really want information that can guide their investments. You see increasing number of American investors, including banks that have commitments to net zero by 2050, and they need the kind of information that's consistent and transparent to let them make investment decisions. Those goals haven't changed the need for globally comparable information remains a high priority and I think the SEC is crafted a very good proposal. I was really very pleased to see them put it out. Let me ask you a question about globalization. Larry Fink this week said globalization may be over and that this war between Russian Ukraine has become a flashpoint and that American companies doing business in certain countries potentially even China and I'm thinking about big companies like Apple that are doing business there, clearly China appears to be an ally of Russia may have to rethink where they're doing business. What do you tell American business leaders this morning? Who are thinking about where their supply chains come from and the politics of where those supply chains come from? Well, we do have to in this is not just because of the Russian Ukraine situation, but this became evident in the pandemic that may be American businesses have focused on efficiency and organizing supply chains in ways that lower costs but impair resilience and resilience of supply chains is a high priority for the administration and so to an extent that will lead to some reallocation of where much of that is about resilience, which was an issue we talked about in the context of the pandemic versus politics and national security. Well, national security is also important and we recognize the need to consider having an appropriate trade policy that protects our national security interests. But when you say this may be the end of globalization or something that extreme, I really have to push back on that because we're deeply involved in the global economy. I expect that to remain it is something that his brought benefits to the United States and many countries around the world and we certainly don't want to go to a system in which the United States is loses loses those benefits. So there may be some rethinking to promote national security. You've put a number of sanctions, obviously, on Russia, but would you consider sanctions on China as an ally of Russia at this point? So I don't think that that's necessary or appropriated at this point. We have senior administration officials are talking privately and quietly with China to make sure that they understand our position, we would be very concerned if they were to supply weapons to Russia or to try to evade the sanctions that we've put in place on the Russian financial system and the Central Bank. We don't see that happening at this point. And it's really up to China to make sure that they understand the complex situation that they face. Becky has a question for you. Thanks, Andrew. It's very good to see you, secretary Yellen. It's just a question about how the economy is faring right now because the markets have been kind of roaring higher on some of the economy and then there are these questions about inflation and what the fed does next. You see the tax receipts coming in every day, is there any sign of weakness.

President Biden Russia Janet Yellen Ukraine United States SEC Jamie Dimon financial stability oversight Europe JPMorgan European Union Larry Fink treasury Marshall China Apple secretary Yellen Central Bank Becky Andrew
"yellen" Discussed on Cape Up with Jonathan Capehart

Cape Up with Jonathan Capehart

07:02 min | 2 months ago

"yellen" Discussed on Cape Up with Jonathan Capehart

"I'm Jonathan capehart and welcome to capehart. The Russian invasion of Ukraine has led to significant global sanctions against Russia, its leaders in oligarchs. Smack in the middle of the United States effort is treasury secretary Janet Yellen. We have isolated Russia, financially, the ruble has been in a freefall, the Russian stock market is closed, Russia has been effectively shut out of the international financial system in this conversation for us recorded on March 10th for Washington Post live, secretary Yellen talks more about how the sanctions work, we also discuss record high inflation and gas prices hitting American consumers and she tells me when we'll be able to pay for things with a Harriet Tubman $20 bill. Secretary Yellen, thank you for coming to Washington Post live. Thanks so much for inviting me, Jonathan. Nice to be with you. So let's start with some a little bit of breaking news a few hours ago. The British announced sanctions against Roman Abramovich, the Russian oligarch who also owns the Chelsea football team, which he was trying to sell, but can't now because of the sanctions. Will the United States follow suit? Well, we have a list of individuals, Russians, on whom we have imposed sanctions and a further group of individuals that we're considering. So the names continue to be added to the sanctioned list and I don't want to talk about any specific individual, but certainly this is one of the ways in which we're trying to punish Russia for what they've done and make it clear to the older guards who are have been supporting president Putin and providing support for him to conduct this war that this is something that is in the atrocity and that we with our allies will take actions to raise the cost to them and hopefully they will express their views to president Putin as a consequence. Madam secretary, when your deputy, deputy secretary, Wally adeyemo is here last week, another round of sanctions were announced while we were discussed while we were talking against Russian officials, oligarchs, family members and associates, would you like to announce any more right now or at least you just mentioned that there are a list of people and organizations are considering might we see a new announcement today or this week? Well, we continue to work very closely with our allies to consider sanctions, certainly at this point we're not seeing Russia back off the horrific war that they've started in unprovoked invasion of Ukrainian homeland and in fact the atrocities that they're committing against civilians seem to be intensifying. So it's certainly appropriate for us to be working with our allies to consider further sanctions. But it's important to understand that we have already had a very devastating impact on Russia. We have isolated Russia, financially, the ruble has been in a freefall the Russian stock market is closed Russia has been effectively shut out of the international financial system and the war chest that Russia amassed over 600 $1 billion in Central Bank reserves that I think it hoped to use to cushion any blow to the Russian economy, the actions that we have already taken against Russia's banks and particularly against the Central Bank of Russia with many of our allies participating in that has made those reserves all but unusable. So the Russian economy will be devastated as a consequence of what we've already done, but we do consider continue to consider further steps we can take. But madam secretary, given the litany of things you just mentioned about the Russian economy, is it safe to say that the Russian economy is in freefall? It's certainly experiencing a very severe contraction and I don't want to make the forecast for what will happen to the Russia Russian economy over the coming year, but it is certain to contract meaningfully. And over the medium and longer term, we have put in place export controls that will deprive Russia of the advanced technologies, the semiconductors, and other things that they need to continue to advance economically and to fortify their defenses and so our longer term impact will also be negative degrading Russia's ability to Project Power and continue to threaten its neighbors. Madam secretary, is there any concern that the severe contraction of the Russian economy that you're talking about will have an impact on our European allies or even on the United States itself, economically? There are certain to be an effect on the United States and also one Europe. But let me say we have worked very closely with our allies, first of all, to be aligned about the sanctions because that means that they have a much greater effect. And we have been united in what we've done. And we've designed the sanctions so that they will have the maximum negative effect on Russia while to the extent possible a shielding the United States and Europe from negative consequences, but will there be some negative consequences, of course. And I think that unavoidable. And look, you know, the worship economy is the 11th largest it worship is a major exporter of.

Russia president Putin Jonathan capehart capehart Janet Yellen secretary Yellen Secretary Yellen Washington Post Wally adeyemo United States Harriet Tubman Roman Abramovich treasury Central Bank of Russia Jonathan football Central Bank Europe
Inflation Isn't Going Away Anytime Soon. Who's to Blame?

The Dinesh D'Souza Podcast

02:00 min | 2 months ago

Inflation Isn't Going Away Anytime Soon. Who's to Blame?

"Inflation, which had previously pushed past 7% as now moved up to almost 8%. The latest figures just out, inflation rises to 7.9% in February, the highest in four decades. So it seems like every month now we have the highest, the highest, the highest. Why? Because it's higher this month than it was last month and it's higher last month than it was the month before. And I just saw Janet Yellen from the Federal Reserve basically saying, hey, this is something that is going to be something we're going to be living with. Certainly for the rest of the year. And Jen Psaki says we're kind of hoping things will moderate by the end of the year, but that can be taken as propaganda. It's more an expression of the Biden administration's wishful thinking than anything else. Inflation here is being driven by a series of factors, all kind of coming together. I would say there are two that are paramount. One of course is the big reckless spending of the Biden administration itself. Essentially, when you print money, you get inflation, and that's the domestic cause of inflation. And then the secondary cause is global instability. When you have constraints on oil supplies, and now the United States is not buying oil from Russia, we're going to buy supposedly from Venezuela and from Iran. But again, if you say I'm not going to buy it on the world market, the cheapest place I can find it, it generally means you're going to end up paying more. And we see energy prices soaring. That's a major driving factor in inflation. And we're seeing that then percolate into the prices of everything. I mean, we're not just talking about paying higher gas prices at the pump, but of course it takes fuel to bring food deliveries it takes fuel to deliver furniture. It takes fuel to operate hotels and motels, and so we see prices rising across the

Biden Administration Janet Yellen Jen Psaki Federal Reserve Venezuela Russia Iran United States
Congress sends Biden $2.5T debt limit hike, avoiding default

AP News Radio

00:42 sec | 5 months ago

Congress sends Biden $2.5T debt limit hike, avoiding default

"Congress Congress averts averts a a debt debt default default sending sending a a two two point point five five trillion trillion dollar dollar increase increase in in the the nation's nation's borrowing borrowing authority authority to to president president Biden Biden Democrat Democrat majorities majorities in in both both chambers chambers voted voted for for it it over over a a lockstep lockstep Republican Republican opposition opposition capping capping a a marathon marathon day day the the house house gave gave final final approval approval to to the the legislation legislation early early Wednesday Wednesday morning morning on on a a near near party party line line vote vote to to twenty twenty one one to to two two oh oh nine nine defusing defusing of of Bala Bala tile tile issue issue until until after after the the twenty twenty twenty twenty to to mid mid term term elections elections the the action action came came just just hours hours shy shy of of a a deadline deadline set set by by treasury treasury secretary secretary Janet Janet Yellen Yellen warned warned last last month month that that she she was was running running out out of of maneuvering maneuvering room room to to avoid avoid the the nation's nation's first first ever ever default default I'm I'm Julie Julie Walker Walker

President President Biden Bide Congress House House Treasury Treasury Janet Janet Yellen Yellen Julie Julie Walker Walker
Senate votes to raise debt limit by $2.5T, avoiding default

AP News Radio

00:43 sec | 5 months ago

Senate votes to raise debt limit by $2.5T, avoiding default

"Hi hi Mike Mike Rossi Rossi a a reporting reporting the the Senate Senate votes votes to to raise raise the the debt debt limit limit by by two two point point five five trillion trillion dollars dollars avoiding avoiding a a default default and and this this hurt hurt the the ETS ETS are are fifty fifty the the nays nays are are forty forty nine nine and and the the joint joint resolution resolution is is passed passed the the Senate Senate approved approved legislation legislation to to lift lift the the nation's nation's debt debt limit limit Tuesday Tuesday under under a a deal deal struck struck by by party party leaders leaders the the measure measure increases increases the the debt debt limit limit by by two two point point five five trillion trillion dollars dollars until until after after next next year's year's mid mid term term elections elections the the party party line line vote vote came came just just one one day day ahead ahead of of a a deadline deadline set set by by treasury treasury secretary secretary Janet Janet Yellen Yellen who who had had warned warned he he was was running running out out of of options options to to avoid avoid what what would would be be the the nation's nation's first first ever ever default default the the measure measure now now goes goes to to the the house house where where approval approval is is needed needed before before it it goes goes to to president president Joe Joe Biden's Biden's desk desk for for his his signature signature Mike Mike Rossi Rossi up up Washington Washington

Senate Mike Mike Rossi Rossi Nays Party Party Treasury Treasury Janet Janet Yellen Yellen House House President President Joe Joe Bi Biden Washington Washington
"yellen" Discussed on The Breakdown with NLW

The Breakdown with NLW

05:42 min | 6 months ago

"yellen" Discussed on The Breakdown with NLW

"Yellen and Powell. These are their regular reportings back to Senate in the Congress about the state of the economy. They include prepared statements as well as a chance to be questioned. Now, the timing is, of course, interesting because central bankers right now phase two very competing forces. On the one hand there is of course inflation, which is pushing a policy shift to the hawkish much faster. That conversation in the U.S. is manifesting as pressure to accelerate the taper of bond buying purchases, which is already started. At the same time, there is just newly on the scene, a different force that potentially points in the other direction, which is, of course, the ami Kron COVID variant. Depending on what that leads governments to do in terms of shutdowns or new types of mandates, will markets need more support due to further dislocations. Those could be very competing forces. Bloomberg puts it this way, they write omnikron risks new inflation headache for world central bankers. The advent of the omicron variant of the coronavirus risks posing new challenges for central bankers by threatening economic growth while adding to inflation pressures. That's the initial analysis of economists who warn the possible new restrictions on activity, risk derailing plans to withdraw monetary stimulus while reinforcing the same imbalances that have fueled the current wave of surging consumer prices. So how did this actually play out in the questioning? Well, certainly, inflation was high on the agenda. Ranking Democrat charade Brown focused his opening statements on getting tough regulators in the remaining three fed slots and focusing on issues of diversity and climate change, but ranking Republican pat toomey was all about inflation, going so far as to say that the fed should have discontinued bond purchases last year. Interestingly, some of that was echoed in the Q&A as well. Powell said and this is perhaps the most notable headline from the whole affair that it's time to retire the word transitory. Now, if you were listening last week to the show when we were discussing Powell's renomination, this is exactly what we talked about. That renomination being a chance for the Biden administration and Powell himself to shift the narrative to move into a new phase, the post transitory phase. Powell also said that he expects inflation to subside in the second half of the next year pushing his estimate out. This is an outlook he said is shared by many outside economists. Janet Yellen was asked a lot about the debt ceiling in just the debt in general, and what might happen if money wasn't artificially low. And she kind of actually said the quiet part loud at one point. From Bloomberg's live feed, quote, Yellen notes that real interest rates remain low, which helps keep the big federal debt manageable. Touching on an issue that doesn't get much talk in Congress inflation shrinks the value of the debt, and interest rates are well.

Yellen Powell charade Brown Bloomberg Senate Congress headache pat toomey Biden administration U.S. Janet Yellen fed
The Unconstitutionality of the Democrat Billionaire Tax

The Hugh Hewitt Show: Highly Concentrated

02:35 min | 7 months ago

The Unconstitutionality of the Democrat Billionaire Tax

"Brian, good morning to you. I tweeted last night a Washington Post story that is about the Democrats tax on billionaire targeting the ten wealthiest American. Now, I actually think that's unconstitutional. That's a bill of attainder that is prohibited by the constitution. I don't think it will fly. In fact, I'm beginning to take the whole thing is going to be unconstitutional because they're targeting ten companies in ten people. What do you think about that? As an economic matter. Yeah, well, first of all, about the constitutionality, I'm not I'm obviously I'm not a lawyer, I'm not a constitutional scholar, but that was the first thing I thought. This is crazy. If you actually own, let's just say you were a trillionaire ramp. And you own cattle, you own land. And then Janet Yellen wanted to come and take 2% away of your wealth away. What would she start doing? Like, taking away the legs, the cattle, the corner piece of this land, you're making new fat. What would she do with all that? And this is, I mean, I'm not being I'm not trying to be humorous about this. This is really serious. You're taking away the thing that creates the wealth. And then let's just let's just go even further. Let's just say, okay, all we're going to do is take away the stock that they are. We don't want the legs of the cattle. We just want the pieces of paper of the stock and the capital gains that they made. And really what they're going after is unrealized gains. So they haven't even been nobody's made anything yet. Well, here's this is interesting because interest rates are so low that for the foreseeable future, there will be no capital gains or anybody that owns let's say a treasury bond. There were capital gains back in the 80s and 90s. Now there won't be any penalty for owning government debt, but there is a penalty for owning private equity. And stock shares of stock. So really this is a tax on only the wealth that is put into private companies.

Janet Yellen Washington Post Brian
"yellen" Discussed on AP News

AP News

02:51 min | 7 months ago

"yellen" Discussed on AP News

"Sweeping changes in how multinational companies are taxed The prime goal of the complex discussions is to deter global companies from stashing profits in countries where they pay little or no tax better known as tax havens the sweeping deal was agreed on Friday among 136 countries in talks overseen by the organization for economic cooperation and development the most important feature is a global minimum tax of at least 15% That was a key initiative pushed by president Joe Biden and treasury secretary Janet Yellen Yellen says the minimum tax will end a decades long race to the bottom due to countries cutting tax rates I'm Charles De Ledesma Amid the wild swings of the pandemic job market the government's September employment report showed employers added 194,000 jobs in normal times a decent monthly gain but short of expectations When COVID-19 hit in March of last year it triggered a short harsh recession that erased 22 million jobs since then employers have added back 17 million as huge infusions of federal aid but money in people's pockets in the rollout of vaccines gave many of the confidence to return to shops restaurants and bars Until the delta variant erupted From January through July private sector businesses added an average of more than half a million jobs per month But last month that dropped to 317,000 Still two positive numbers jump out The Labor Department revised up its hiring estimate for July and August by 169,000 in the unemployment rate dropped to 4.8% Ben Thomas Washington Iraq's elections on Sunday come with enormous challenges Iraq's economy has been battered by years of conflict endemic corruption and more recently the coronavirus pandemic state institutions are failing while the countries infrastructure crumbles as well powerful paramilitary groups increasingly threaten the authority of the state and hundreds of thousands of people are still displaced from the years of war while few Iraqis can expect meaningful change in their day to day lives the parliament elections will shape the direction of Iraq's foreign policy at a key time in the Middle East including as Iraq is mediating between regional rivals Iran and Saudi Arabia I am Charles De Ledesma If you've got a personal auto insurance question you could talk to a cab driver although the policies he recommends might include avoiding the interstate beating traffic by taking the back roads and only making left turns when absolutely necessary Or you could talk to your local Geico agent whose policy is to use their expertise to navigate your insurance finding the best route to help you save money on insurance for your home car and.

Charles De Ledesma organization for economic coop president Joe Biden Janet Yellen Yellen Ben Thomas Washington Iraq treasury Labor Department government parliament Middle East Saudi Arabia Iran Geico
"yellen" Discussed on Squawk Pod

Squawk Pod

07:34 min | 8 months ago

"yellen" Discussed on Squawk Pod

"Zach fully today on our podcast too big interviews treasury secretary janet yellen with an urgent warning to raise the debt limit in the. Us would be catastrophic to not pay the government's bills. It really undermines confidence in the full faith and credit of the united states. So will the. Us failed to pay bills. The white house is top economic voice on those two certainties debt and taxes. Here's an enormous tax gap in the united states. Estimated seven billion dollars over the next ten years in terms of for shortfall of tax collections. To what we believe erode it comes from places where that information on income is opaque can can be hidden and pioneer michael dell the stories of success and failure that built his eighty billion dollar brand. The tech leader is out with a new memoir. I wanted to tell the real law stories of what actually happened. Not the sort of glamorous version. It's tuesday october. Twenty twenty one pod begins right now today on the podcast treasury secretary. Janet yellen any dangerous deadline. That is fast approaching. The united states will no longer be able to honor its debts by october eighteenth and if congress doesn't agree on a plan to suspend or raise the ceiling by then the us could default for the first time. Ever as you'll hear from secretary yellen. A default would prompt widespread damage to our own economy to people's paychecks and t- nited states reputation but hopefully our lawmakers will avoid that before she took on the role as treasury secretary. Twenty twenty one yellen was chair of the federal reserve so while she's watching inflation and tax proposals from her perch at the treasury. She's also watching the fed and her successor. Jerome powell janet. Yellen joined squawk box anchors. Joe kernan becky quick and andrew. Ross sorkin today. Here's andrew who secretary. Thank you for joining us. Thank you for having me. It's great to see you help us understand the state of play as you see it. You have worn congress that they have until october eighteenth to raise or suspend the debt limit to avoid what would be the first ever. Us default of course the us now has about twenty eight point. Four trillion dollars in debt. the votes don't appear to be there. How do you see it. Well you know it's really up to speaker pelosi leader schumer to figure out how to get this done in congress what i can tell you is that it's utterly essential that this be done. I've said that. By the eighteenth of october we will be out of extraordinary measures have limited cash and likely to exhaust it very quickly and so do regard. October eighteenth deadline. It would be catastrophic to not pay the government's bills for us to be in a position where we lacked resources to pay the government's bills. It really undermines confidence in the full faith and credit of the united states or willingness to stand behind our debts. And make sure that we pay them. And when you think about the impact it could have on fifty million seniors. That are expecting social security checks. Our troops on thirty million households waiting to receive their child tax credit payments and these would be delayed in the delays would grow longer and of course are dead itself Us treasury securities are have long been viewed as the safest asset on the planet that that partly accounts for the reserve status of the dollar and placing that in question by failing to pay any of our bills that come do. We really be a catastrophic outcome. I i fully expect. It would cause a recession. As well. I i recognize The the ultimately going to be responsibility of the senate in the house. But let me ask you this senator mcconnell Did put it on there Put put the responsibility on the speaker of the house and the senate democratic leader yesterday and then Senator mansion yesterday said maybe the the approach in terms of the tools. That are available should be reconciliation. That democrats should do reconciliation. Would you support that well. Andrew ice support getting it done. This is long. Been done on a bipartisan basis. The debt ceiling his been raised almost eighty times since one thousand nine hundred sixty and almost always on a bipartisan basis. This shouldn't be the responsibility of one party or the other. We have to raise the debt ceiling as a routine matter whenever the country Runs budget deficits and with the exception of a few years in the late nineteen nineties. This has happened during most of the postwar period and it should be routine to raise it When bill surpassed and a tax policy is put in place. That's the right time to debate with the fiscal policy of this country should be and we have those debates but once decisions are made we have to pay the bills that come from those decisions and so to place an arbitrary ceiling on our debt and to create periodic crises manufactured crises that really place our economy and our financial system at risk. Especially now that we're recovering from the pandemic in a fragile way I consider it this year responsible. I believe that both parties have responsibility to get this done. And it's really up to the congress to decide how to manage it. But i believe it must be done one of the reasons. That debate is taking place. is in part because the democrats have now linked these two other spending packages together That are quite remarkable in size. And i'm curious if you could take us inside those conversations and whether you support winking boost those two packages together well. I support both packages. I think the infrastructure bill that was crafted on a bipartisan basis. Certainly has the support of the white house. I'm supportive of it without doubt. We need to modernize our infrastructure. Our roads and bridges in many cases are crumbling. We need to upgrade our ports or airports to modernize our grid to build electric power charging stations across the country to promote the.

Janet yellen united states treasury michael dell secretary yellen yellen congress Jerome powell Yellen Joe kernan becky quick Ross sorkin federal reserve government andrew Us treasury Zach
"yellen" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:05 min | 8 months ago

"yellen" Discussed on Bloomberg Radio New York

"Janet Yellen both said that we'd have catastrophic consequences if a U.S. default happened due to a failure to raise the debt ceiling And it raises the question could the U.S. debt ceiling impasse derail the fed's taper timeline That's a question I put to Yes you have moments ago and he said well the estimates really in the market are probably that they will come to some sort of an agreement But then listen to this this next line will perhaps be a good reason why the fed might not want to delay the tapering U.S. home prices surging 19.7% in July And that's the biggest jump in more than 30 years Let's take a look at some of these numbers Hank sing index futures down three quarters of a percent What's the China a 50s down similar margin You mentioned that Australian futures down 1.1% Nikkei futures look like they will open down about 500 points or so The dollar was a lot stronger overnight and we had a big jump in bond yields as a result of a lot of this debate in Washington Right now the yield on the ten year 1.53% All right Brian thanks Well let's take a closer look at this debt ceiling issue Congress has certainly had an impasse in the move to try to avoid a government shutdown Republicans blocked a democratic move in the Senate for the second time in his many days Now GOP leader McConnell wants Democrats to use parliamentary procedure to raise the federal debt limit Now this would put Democrats virtually on their own without any Republican support and as a result of that minority leader Schumer rejected this path Now the escalation was made a lot more serious by treasury secretary Yellen Today she laid out a new timeline during testimony to the Senate banking committee It is imperative that Congress addressed the debt limit If not our current estimate is the treasury will likely exhaust its extraordinary measures by October 18th America would default for the first time in history Now today House speaker Pelosi said the Democrats had discussed ways to change the debt ceiling in the future This would include minting a $1 trillion coin or giving the treasury the power to raise the ceiling on its own Paul Also on Capitol Hill senator Elizabeth Warren priest fed chair Jay pal over his record on financial regulation His senator Warren during a Senate banking committee hearing Your record gives me grave concern over and over You have acted to make our banking system less safe and that makes you a dangerous man to head up the fed and it's why I will oppose your renomination Warns the highest profile Democrat to come out against pals renomination even so it's not clear warrants disapproval would prevent pal from another term He has bipartisan support in the Senate and if President Biden picks him he would likely be confirmed again Palestinian at the helm of the Central Bank expires in February 5 minutes past the hour time for an update on global news.

Janet Yellen U.S. fed Senate banking committee Yellen Today treasury Hank Congress McConnell Schumer Jay pal GOP Senate China Brian
"yellen" Discussed on Ron Paul Liberty Report

Ron Paul Liberty Report

04:07 min | 1 year ago

"yellen" Discussed on Ron Paul Liberty Report

"Have enough money. When the source of the problem was they had too much currency too much federal reserve notes being printed. And when they see they don't have enough money they're not talking about real money and real purchasing power. They're they're talking about. They just want the cash to pay their bills not realizing that that was the fault of the pad. Haven't always done that. Most people still. I think your own initially refer to inflation. This price is going up Even if the prices are going up because over hurricane they still think they still think as inflation inflation's when the government creates money out of out of thin air But just thinking about. The prices is a narrow way of thinking they should be thinking about the my supplies at my supply going up and also malinvestment now. Investment is a big deal because When you take the money And print the money. You're subsidizing those who benefited by the deficit has have gone on so they they take it in. They subsidize the investments made by non economic reasons. And the most important thing there and this is one thing that matter of fact is written into one of the mandates for for For the fed in that is regulate interest rates especially long-term rates. That's part of it. Used to be just control. Inflation and unemployment with now is to regulate long term interest rates. That's qe that kind of stuff. So what what happens. Though then is is the malan best friend. There'll be booms and busts and spending and that's that's what's going on. This is to me chris. One of the most bizarre things. I don't know if anybody predicted it. They probably was somebody. Did well was what they should expect. You know a year ago. You know what this is going to turn into is they are going to A lot of money and They'll be Nobody wanting to work and they'll be a significant unemployment rate. A lot of jobs wanna see. Nobody wants to work because it would print so much money in subsidize unemployment. So old rule is if you subsidize something you get too much of it. Which is a male investment misdirected. So they it goes into the Into the pockets of people receiving welfare. And there's no incentive incentive to go to work so this this is In compound the government directing the money with the deficit and giving their records on how to spend that which her during the housing bubble and the other is just the fact that people make different decisions when the interest rate doesn't reflect saving and production and of course there's really no Real savings and the production is low and And but the businessman. You hear it all the time you see it on the off time by a new car. Zero razor venturous and If you save your money which is something. I learned at a young age and tried to teach the fam- family members. There's no no sense. You know just saving money when they give you one percent and Then it's rigged to pass out free money to the big banks and that sort of thing. So distortion is the name of the game yelling as part of that and And only the only thing that will reverse unfortunately. I wish i could be optimistic and say well. We just need a few more members in congress and they can start changing the rules and the laws and the spending. It's not gonna happen. We're going to have a crash. We're going to have to have monetary reform but one thing good though about it Chris is a lot more people that are aware of the austrian. School is growing in strength..

congress Chris one percent chris One a year ago one one thing malan members much
"yellen" Discussed on WTVN

WTVN

01:41 min | 1 year ago

"yellen" Discussed on WTVN

"And weather in central Ohio NewsRadio, 6 10 W. T V and Columbus your D. C H D to Astro on my Heart radio station from ABC News. I'm Richard can sue former President Trump's second impeachment try along charges of inciting the capital Insurrection opens in the U. S Senate in the coming week. Impeachment managers will argue Trump whip the crowd into a frenzy and aim them like a loaded cannon toward the capital video emerging showing Writer celebrating in the moments after they stormed the capital, Donald Trump is still our president on man and the horns and face paint is Jacob Chance. Lee. His attorney, says he believes he was listening to Trump and an ABC News investigation has found at least a dozen other riders charged have said the same and that's exactly what House impeachment managers plan to argue. ABC is Rachel Scott. Congressional Democrats looking too fast tracked in early $2 trillion pandemic relief measure, Treasury Secretary Janet Yellen seemed to suggest the $75,000 income threshold for direct payments was high, thinks it ought to be 60 GS. Exact details of should be targeted are to be determined but struggling Middle class families need need help to yelling on state of the union on CNN, Iran's supreme leader urged the U. S toe lift all sanctions of it once Iran to live up to commitments under the nuclear deal. But on 60 minutes on, CBS president Biden said it won't be the US making the first move. Will the US lift sanctions first? In order to get Iran back to the negotiating table. No They have to stop enriching uranium First president nodding.

Donald Trump president ABC News Iran US ABC Lee Ohio Rachel Scott Janet Yellen Columbus U. S Senate Richard Jacob Chance CNN CBS attorney Writer Biden
"yellen" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:59 min | 1 year ago

"yellen" Discussed on Bloomberg Radio New York

"While Europe's equity benchmark heads to its biggest gain and almost three weeks we check the markets every 15 minutes throughout the trading day on Bloomberg, the S and P 500 up 1/10 of a percent, or about five points, and 38 60, the Dow Jones industrial average. 4/10 percent, or 127 points at 31,086. The NASDAQ is now that'll change its down. 11 at 13,624 10 Year Treasury Down 3 30 Seconds healed 1.3% yield on the two year 20.12%. Nynex Heard oil is up to 10%, or 11 says that 50 to 88 a barrel Comex gold is down to 10%, or $3.10. At 18 55 90 announce the euro 1.2157 against the dollar. The yen. 103.63 G is up seven and a third percent after predicting that cash from its industrial operations would jump this year. Signaling renewed progress and chief Executive Larry Copes effort to revive the industrial giant beyond meat is jumping up 32% around there Right now it's jumping around, though, after the market maker of alternative need his growth model has long relied on high profile partnerships. Said it would team up with one of its biggest collaborators. Yet Pepsico, and we're also watching etc. Of 2.2% after the e commerce company earned praise from Elon Musk, the second time this month of the Tesla leader drove up a stock with the push of a social media button. And that's a Bloomberg business flashed almond. Paul. Karin, Thanks so much. Yeah, I looked at you and me. We'll be on me. $13 billion market cap up 67% just this year. Wow. I got us to make a buy a burger there because there's such a thing is Quinn double cash? Okay, This is gonna be important, and I said this earlier today, that may be for me. It's the most jarring shift. From the administration before Toe administration after why you do envision as we had in I believe it was November 2017. The president's secretary of the Treasury, and her husband. Yep. George Acre Love Nobel laureate, the claim 1970 paper and lemons and used cars standing in the meant holding a sheet of currency. Yes, we got with the previous secretary of the Treasury are expert on meant advocate Michael McKee joins us right now. I mean, Michael to me. It's got to be, you know, with all great respect to Mr Mnuchin, and particularly his service. It appeared in the last 18 months of the administration. What a shift in tone? Well, it's definitely going to be a shift in tone, but you've seen that across the administration. You just look at how the reinstituted the White House briefing every day. They have dogs. You know they have dogs. It's what we've seen is a sort of a shift back to the way things were before. The Trump administration. Janet Yellen is obviously extraordinarily well qualified for The job, but it does bring some additional skills to the table will see if she possesses those on duh. We'll see how she could do you know men, Yushin worked relatively well with Congress. He developed a relationship with Nancy Pelosi and so they were able to negotiate. We'll see how Jenny Allen does. What is on the top of Janet Yellen's agenda. Do you think like, Oh, clearly she's gonna be selling the president's stimulus program. We don't know exactly what Is going to end up being in it. But she'll help craft that she'll be the kind of point person on a lot of the economic aspects of it. She'll be able to target members of Congress who are questioning whether this or that is needed and I suspect that's going to be her her major role in the beginning that should probably also be involved in Whatever nuance changes they make in China policy when you stand up the press conference, and they always get you last like on the key, because they know you'll have a question Besides what you have from lunch, and you're rude enough to ask Chairman Powell. About foreign exchange. Is he now going to say talk to Professor Yellen? Yes, Treasury Secretary of Fed chair as always say it's the Treasury's job to talk about the currency so that that's the thing that all the longtime Fed watchers you're going to enjoy. Most is asking Janet Yellen about the dollar. Well, what would you ask her right now? Uh, you know, she came out with a policy the other day. Basically, of what I would call is benign neglect. You go back long enough to the Daniel Moynihan years to sort of understand what that means. Basically, they want the currency to be set in currency markets. But they don't want to embrace a strong dollar policy because they know and she said this is I chair that sometimes is weak Dollar can be good for your manufacturing. Like what's what's Janet Yellen's reputation on Capitol Hill can cheat. Do you suspect that she has the wherewithal to really sell this stimulus plan? Because we're already starting to see some Some pushback from the Republican side. Well, she's certainly gonna be tested on it because she has the skills to sell, and she has relationships up on the hill. That is good as Jay Powell has developed, but she does have AH long track record in Washington going back to the Clinton administration. And so she will have some success. The issue is gonna be beyond her, though in a sense of their probably some legitimate questions about how much debt you can pile up, and then there's definitely going to be a republic. An aspect of the Republicans just want to make Joe Biden look bad. So she's no maybe can attack the former, But the latter is going to be a harder hill to climb my grandma. Okay? This is the first time I've talked to you since I watched every minute of football on Sunday. Michael McKee. Should the Packers have kicked that field goal. I would not have statistical analysis suggests that you would have gone for it. But you know, in economics, go with statistics. Well, this brings us back to the days or Mr McKeon. I wandered through the morning together. And I would have to do way too much on the Denver Broncos, yet he was so distraught. He left the show Now, now you don't have to do anything. Except when you talked to Libby can troll. That's it. Well, we talked to Miss Cantrell, Pimco. We must be the Broncos Michael McKee. Thank you so much and seriously, folks, Mr McKee without question leading The intellect of Bloomberg of the Fed meeting, and we'll do that tomorrow. I'm sure have seriously important questions for chair Polat this time of real too much Paul earnings. This is fun. I mean, you know Three m Minnesota mining and manufacturing coming up time later in the morning. We're gonna talk with Karen Noble Heart. She actually from Limerick. Intelligence, she rides you know this big tractors from international Harvester, dear and No. She knows three. And when it was Minnesota mining and manufacturing, so we're gonna talk Industrial America with Karen. You, Bahar. We always talk about Tech and all the health care fun stuff. By the end of the day. What they do in Middle America should build big stuff. I mean, three almost flat on her back, and I looked at 10 year track records like 10% per year, which is not I would say all in all, not acceptable, but nevertheless, they recovered nicely, so absolutely, so we'll get the latest on them. And some of those, what's what's happening now with some of these big ad companies in industrial, let me look at the Dow right now. I gotta bring up all the Dow components here. Up 72 points in the now 31,000 over that level, SPX up fractionally NASDAQ When it goes the other way, little bit of pull back and the other doubt. Component game stop. Halted trading and now it's redoing trading. It's plus or minus. It's like 90. I've never seen the Bloomberg numbers.

Bloomberg Michael McKee Professor Yellen Treasury Fed Chairman Powell Paul president Congress Europe Pepsico Elon Musk chief Executive secretary Nancy Pelosi Larry Copes
"yellen" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:53 min | 1 year ago

"yellen" Discussed on Bloomberg Radio New York

"Right. And, of course, Janet Yellen was fed chair for four years. Yeah, Denise, and that's giving people a lot of time to observe How she works at one of those people is Julia Coronado, She's president and founder now of macro policy perspectives, and Tom Kean, Jonathan Farrow and Lisa Abramowitz had a chance to ask her about. Ah Yellen, Treasury secretary Gonna Biden administration. That's right. And they begin here by asking Coronado. How yelling approaches well, projects like when she takes on a project. How does it go? Let's incident. Oh boy. When Yellen takes on a project, she learned everything she can about it. She's the most diligent, hardest worker in the room. She's also pretty open minded, but she knows her mind. Once she decided how to tackle the problem. She's very death at bringing people on board and building a consensus. She was a master of that at the Fed. Obviously as Treasury secretary. He has less of a consensus building job, but more of a job on Capitol Hill. Exactly. That's what I wanted to go, you perspective on how she will handle the Senate. I think she's got really good established relationships on the Senate, She woz. She had support and respect on both sides. Obviously, we're in a more divisive atmosphere, and a lot depends on the outcome of the Georgia elections. But I think you know you've got a solid set of centrist is a close enough divide in terms of Republican control, and you've got enough of centrist moderate Republicans toe work with that, I think yelling can manage to get some of the agenda through. Gonna have to be more towards the centrist policy arena. But there's plenty to do there and I think yelling is gonna be good at managing those relationships and moving those things forward. Junior. In some ways, we've had a raging change the Federal Reserve. We've had a reaction function shift largely off the bag of Let's just say the experience of the previous cycle. The experience that share yellin Work through and I understand I imagine has been conditioned by. How do you think those lessons learned in the monetary policy arena will apply to the lessons learnt going forward from here in a fiscal policy arena. That's a great question. I mean, I think there's been some attention given to remarks she's made about the unseen ability of the of the deficits and the debt. I don't think that's going to be her focus. I think those have been overemphasized. Think yelling learned, as did the FOMC that you do have more scope in a low rate world and low inflation world to really push the recovery first and foremost. So I think that's going to be her focus to get the economy back on track to guide Biden's agenda in that direction, to not be worried about the death and deficits now to tackle those problems. Once we have a really, truly sustained an established Recovery under their belt, Julia Nobody argues with the credentials that Janet Yellen has that she brings to the table for Treasury secretary the position. There is a question, though, about the visuals of this. The Fed is supposed to be independent body Janet Yellen, very much a Democrat coming and being part of a Democratic administration. Do you think that this threatens, at least from a visual perspective? The independence of the Federal Reserve. I don't think so. I mean, I think Janet Yellen herself definitely respects the different roles, so she while she has fantastic relationships at the Fed She's going to respect those boundaries because she's like that means Julius so many ways to go here. But I really have to circle back to the Senate in the reality of trying to get budget through how constrained is the secretary of Treasury? We presume. Constrained by the debt and the deficit. Well, you know, I think we're seeing the Republicans bring that out again. I don't think really. That's not an issue in in terms of the economics of it. That isn't in shouldn't be an issue for a very long time. And, um, I think it really depends. Look, I think we have to see what happens in Georgia. That's going to be very important. But even if the Republicans get both seats, there are people to work with. On the moderate side. They don't need that many right. They only need a couple of votes. So if they've got some well crafted policy with you, no benefits for the economy, I don't I think that they'll be able to find enough partnership to get something through. So I mean, we know Mitch McConnell is the expert at blocking everything, but I think you know again. We've narrowed the margin a little bit. S so I'm not as convinced that they're going to be absolutely hamstrung. I'm getting anything done or that they're going to be able to just throw the debt and deficit in the roadblock for everything, I think. I Maybe I'm being Polyana issue, but I'm not known for that time. So I think yellow is going to be able to, especially now, and it's a lot of urgency. You know, we need some stuff done. The vaccine news is fantastic. That gives scope for Actually getting to a better future, But we've got to get there and even distributing and managing the administration of the vaccine is a huge challenge that requires federal money and Organization that was Julia Coronado, president and founder of Macro policy Perspectives and coming up. You know Stacy's pita chips right at Yeah, I do Well, there actually is a Stacy of Stacy's pita chips, and we'll hear from her about Growing a food cart a single food cart into a multi million dollar company..

Janet Yellen Federal Reserve Macro policy Perspectives Senate Julia Coronado president and founder Biden Coronado Georgia Stacy Denise FOMC Julia Nobody Mitch McConnell Jonathan Farrow yellin Tom Kean
"yellen" Discussed on Ron Paul Liberty Report

Ron Paul Liberty Report

04:49 min | 1 year ago

"yellen" Discussed on Ron Paul Liberty Report

"Hello everybody and thank you for tuning into the liberty report today. We have christmas and filling in once again for Daniel daniel still traveling we. We will have our program and we'll prepare ourselves for our families and To celebrate Thanksgiving soon so. But i do want to thank everybody for tuning in in today and data curses talking to us and visiting with us from his home. So chris Welcome to the program. It's great to be with you on wednesday right okay. Want to talk today about What's in the media actually It has to do with You know the federal reserve and treasury and we need to talk about yellen. she's been at the federal reserve. She soon be at the treasury and and she we might be able to define her as an insider. I think we we definer that but biden's He's he's bracket brag about Back to normal. And i guess what we should talk about a little bit today. Chris is what is normal. What is normal to some people or some democrats not exactly normal for libertarians. maybe we'd like to improve on. We have and not just go back. There were bits and sp spurts of libertarianism. Over history but basically government's always been too big spend too much money too much money and they don't care about and they don't care about sound money so we're not necessarily in the 'cause this just go back. Well we wanna do is we want to talk about the the policies in right now It's the democrats and binder just saying well. All we need is going back to normal. Won't it be wonderful. Wiki the old days are coming back again. And they're digging up some people. Now that served under obama and they think that everything is going to be good but i quite frankly chris believe they're in for some surprises. If i actually believe that right. Dr paul it is. It is typical left his thinking they like to eliminate to what happened. You're always going back to the years zero on this case they want to go back to pre two thousand sixteen and like you and daniel pointed out yesterday. The warmongers licking their chops. They're talking about paris agreements. Janet yellen like you mentioned and just pretend that the last four years never happened. Well not only did it happen..

chris Welcome Daniel daniel treasury Janet yellen biden obama Dr paul paris
"yellen" Discussed on WBAP 820AM

WBAP 820AM

03:14 min | 1 year ago

"yellen" Discussed on WBAP 820AM

"Remember the name Janet Yellen. Oh, yeah, the former head of the chair of the U. S Federal Reserve. Sure, she is being tabbed as Biden's secretary to the Treasury Department. So there's a name you recognize, recognize Janet Yellen. Now she was an adviser to Clinton all the way back to Bill Clinton. Also the Obama administration. Yeah, and President Trump when he came around. He didn't want to keep Janet Yellen around. Um, so that's the tab for for Treasury secretary And then this one, John Kerry. Yeah, I'm not a big fan of John Kerry. I don't blame. You know, a lot of people are especially after the Iran deal. You know, he was secretary of state. What Joe Biden is saying about John Kerry is that his position is going to be special presidential envoy for climate That's a pay back title if I've ever Heard water. I think you're exactly right on that. It's zoo, not a Cabinet position. No, that's a I've got to get Carrie in here because what he did for me during the campaign I owe you. You make up a position. I'm not used to go to get paid. It's great sherry do for him during the campaign. Well, you have inside. I have no idea. I think maybe not so much campaign, but more So again. We're bringing a lot of names back from the Obama administration, whether they're high profile names or like we said, the second in commands from the before we did traffic. It's It's just a lot of President Obama people. All I know is you brought it up job here. He did that Iranian deal, and that's a That's That was a horrible deal. To me. That's that's John Kerry's political legacy that not not running for president and losing, and the whole Purple Heart thing and Iranian deal is a It'll go down in history as the one of the biggest messes ever right and see what's going on, though. What's that? After four years of Trump coming in, trying to drain the swamp and disrupting all of Washington and everybody, including Republicans in Washington, getting upset what Trump? We're now trying to reassemble the status quo? Yeah. Yeah, I think that's the theme here When you would. It's really easy to get lost in the weeds. With all these names. You want to find that themed. I think students hit the nail on the head. It's It's just It's a lot of What Trump tried to undo. That's just being undone. With these positions. I will say you're not seeing any Bernie Sanders or Elizabeth Warren or the squad. The squat, right? You're not seeing those names. Yeah, well, she wouldn't see in John Kerry, though. I really do. I don't know about the other people. What I know. Don't think John Kerry is should be legally. Shawn's not here, So I'll say it for him. You get the government you deserve coming up. Let's talk about four G and five G and Six g and B. Jeez, we can talk about this coming up. 6 35 s so stick with us, Nicolo say has the 6 30 news. Next? There's a new lifeline for unemployed veterans and military members today, details next.

John Kerry President Trump Janet Yellen Obama administration Joe Biden president Bill Clinton secretary Obama U. S Federal Reserve Treasury Department Iran Carrie Elizabeth Warren B. Jeez Shawn Bernie Sanders Nicolo
"yellen" Discussed on KQED Radio

KQED Radio

04:36 min | 1 year ago

"yellen" Discussed on KQED Radio

"Of November. Good is always to have your long everybody, You know, we used to play a game on this show called What is Janet Yellen thinking back when she was the Fed chair? And you had to answer in five words or less. Yes, it could be tricky. But my show my rules right today We are going to spend a good deal. More than five words on what Dr Yellen is thinking because the word is President elect Biden wants to make her his Treasury secretary. Okay. Davidson broke the story for the Wall Street Journal today, Kate Hey, guys. Thanks for having me good to have you on and not on a Friday as it happens. What do we know about why the president elect picked Dr Yellen for this job? Well, I think that she is very highly regarded, really buy a lot of people. She was nominated by President Obama to be fed chair in 2014. And she she was approved with, you know, pretty good, a substantial amount of Republican support. So you know Republicans like her progressives like her. And at this point, she's She's very much of you. It is clearly experience. She she has experience in a crisis. She was at the Fed during the last crisis. She's just a very steady hand. And so we're already seeing Ah lot of folks coming out, saying this is just a really great pick. There's getting a lot of praise. Do you suppose, though, that her time at the Fed and she was there for a long time, right? She ran the San Francisco Fed. She was the vice chair and then and then Got the chair job expose her time at the Fed makes her or will make her more effective at Treasury. I think so. I do think that's another key component here. Perhaps of the decision is that the broad a time where we're seeing a lot of coordination between the Fed and the Treasury. We have since March when they worked together, toe set up these emergency lending facilities. And so you know, some folks have noted to me that going forward where interest rates are pinned again near zero a And we might be entering a period of pretty slow kind of weak growth. We're going to need more coordination between Treasury and the Fed. And she's someone who obviously knows the ins and outs of the Fed better than probably almost anyone. So she's a good choice in that regard to. We had a real good example late last week Thursday Friday of some non cooperation between the Fed and Treasury, with the secretary Mnuchin pulling back the funding for a lot of the lending programs that Sure Powell in the Fed had been doing since March. I imagine, and she has, in fact, said she favors those kinds of support. So I imagine she would beam or in favor of supportive policies. Then perhaps we're seeing at the end of the Trump administration. For sure. I think I think so. And I think that could be one of the first decisions that she makes is whether to whether to ask her if she'd have exactly if you'd have to ask Congress for to step in and do something here, But I mean, I think she could. She could work with the Fed chairman, Tonto to establish new facilities for sure, maybe just reopened the ones that have been closed. They They would need to come up with some financing for those. I think Treasury Secretary Mnuchin even though he didn't extend them, he said. Well, there's still there's still a spot of money called the Exchange Stabilization Fund you could take from so we'll have to see. But I think she would be much more receptive to those and I think it was kind of odd. People thought it was sort of strange that the Treasury secretary Mnuchin asked for the money back, which will kind of him him string them, but But she could do that. All right, Super quick, And in the 20 seconds we have left. You should have known this was coming. What he's supposed, Danielle is thinking right now, in five words or less. Okay, Fine. I'll do it. E think she might have been a little you know, she I don't think she was angling for this. She wasn't even publicly considered a serious candidate even just a few weeks ago, But I think when the president calls and asks, you do it, and so I think that might be where we're at Brother. That's right. K Davidson at the Wall Street Journal. Thanks, Kate. I appreciate your time. Thank you Talk to you soon. Wall Street on this first day of a short week, Feeling pretty good should say, by the way, the whole TFC thing so yellow would be the first woman to run the Treasury Department. Obviously the first woman to run the Fed. On. She was also on the council of Economic Advisers she chaired. Then she did a number of years ago anyway, details and all the rest of it when we do the numbers Sorry. Sorry. Among the things a treasury sector Yellen is gonna have on her plate, and there's a lot as K was saying, so it's gonna have to be a big.

Fed vice chair Treasury Mnuchin Janet Yellen president Wall Street Journal Treasury Department K Davidson Danielle council of Economic Advisers San Francisco Biden Yellen secretary President Obama Exchange Stabilization Fund Kate
"yellen" Discussed on KCRW

KCRW

05:18 min | 1 year ago

"yellen" Discussed on KCRW

"Result it is Monday. Today, the 23rd of November. Good is always to have you along everybody, You know we used to play a game on this show called What is Janet Yellen thinking back when she was the Fed chair? And you had to answer in five words or less. Yes, it could be tricky. But my show my rules right today We are going to spend a good deal. More than five words on what Dr Yellen is thinking because the word is President elect Biden wants to make her his Treasury secretary. Okay. Davidson broke the story for the Wall Street Journal today, Kate Kai. Thanks for having me good to have you on and not on a Friday as it happens, Um, what do we know about why the president elect picked Dr Yellen for this job? Well, I think that she is very highly regarded, really buy a lot of people. She was nominated by President Obama to be fed chair in 2014. And she, um, she was approved with, you know, pretty good, a substantial amount of Republican support. So you know Republicans like her progressives like her, Um And at this point, she's she's very much of you does clearly experience she she has experience in a crisis. She was at the Fed during the last crisis. She's just a very steady hand. And so we're already seeing Ah, lot of folks coming out, saying this is just a really great pick there. She's getting a lot of praise. Do you suppose, though, that her time at the Fed and she was there for a long time, right? She ran the San Francisco Fed. She was the vice chair and then and then Got the chair job. Do you suppose her time at the Fed makes her or will make her more effective at Treasury? I think so. I do think that's another key component here. Perhaps of the decision is that the broad a time where we're seeing a lot of coordination between the Fed and the Treasury. We have since March when they worked together, toe set up these emergency lending facilities. And so you know, some folks have noted to me that going forward where interest rates are pinned again near zero And we might be entering a period of pretty slow kind of weak growth. We're going to need more coordination between Treasury and the Fed. And she's someone who obviously knows the ins and outs of the Fed better than probably almost anyone. So she's a good choice in that regard to. We had a real good example late last week Thursday Friday of some non cooperation between the Fed and Treasury, with Secretary Mnuchin pulling back the funding for a lot of the lending programs that Sure Powell in the Fed had been doing since March. I imagine, and she has, in fact, said she favors those kinds of support. So I imagine she would beam or in favor of supportive policies. Then perhaps we're seeing at the end of the Trump administration. For sure. I think I think so. And I think that could be one of the first decisions that she makes is whether to whether to ask her if she'd have exactly if she'd have to ask Congress for to step in and do something here, But I mean, I think she could. She could work with the Fed chairman, Tonto to establish new facilities for sure, maybe just reopened the ones that have been closed. They They would need to come up with some financing for those. I think Treasury Secretary Mnuchin even though he didn't extend them, he said. Well, there's still there's still a spot of money called the Exchange Stabilization Fund you could take from so we'll have to see. But I think she would be much more receptive to those. And I think it was kind of odd. People thought it was sort of strange that this Treasury Secretary Mnuchin asked for the money back, which will kind of him him string them, But but but she could do that. All right, Super quick, And in the 20 seconds we have left. You should have known this was coming. What he's supposed, Danielle is thinking right now, in five words or less. Okay, Fine. I'll do it. E think she might have been a little you know, she I don't think she was angling for this. She wasn't even publicly considered a serious candidate even just a few weeks ago, But I think when the president calls and asks, you do it, and so I think that might be where we're at. Think That's right. K Davidson at the Wall Street Journal. Thanks, Kate. I appreciate your time. Thank you Talk to you soon. Wall Street on this first day of a short week. Feeling pretty good should say, by the way, the whole TFC thing so yellow would be the first woman toe run the Treasury Department. Obviously the first woman to run the Fed. On. She was also on the council of Economic Advisers she shared then she did a number of years ago anyway, details and all the rest of it when we do the numbers. Sorry. Sorry. Among the things a treasury sector Yellen is gonna have on her plate, and there's a lot as K was saying, so it's gonna have to be a big plate is the dollar and its relative strength or not strength in the global economy. Right now. The dollar is particularly not strong at a 2.5 year low in fact, which is to say it is slipping in the global foreign exchange. Popularity contest marketplaces suburban Ishwar explain what's going on. Investors use the U. S dollar as a safety blanket. When there's a crisis and they are scared. They pile their money in from around the world. The value of the dollar goes up. This is what happened early in the pandemic, but with three solid vaccines on the horizon, investors aren't so scared anymore. These safe havens Are less attractive and people are willing to take on more risk..

Fed Treasury Secretary Mnuchin president Janet Yellen Wall Street Journal Treasury Department Kate Kai K Davidson vice chair President Obama San Francisco Biden council of Economic Advisers Ishwar Exchange Stabilization Fund Congress U. S