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  • Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Ways and Means, U.S. House of Representatives

    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Ways and Means, U.S. House of Representatives | site |




    (Information contained in U.S. Department of the Treasury press release dated: June 17, 2021)


    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Ways and Means, U.S. House of Representatives


    Chairman Neal, Ranking Member Brady, it’s a pleasure to be with you. When I took office back in January, the first – and most urgent – problem confronting our economy was obviously the pandemic: helping people make it to the other side of the crisis and ensuring they were met there by a robust recovery. Thanks to this Congress – and its passage of the American Rescue Plan – I believe we are well on our way towards that goal. But we have to be clear-eyed about something: The pandemic was not our only economic problem. Long before a single American was infected w...
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  • Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Finance, U.S. Senate

    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Finance, U.S. Senate | site |




    (Information contained in U.S. Department of the Treasury press release dated: June 16, 2021) Chairman Wyden, Ranking Member Crapo, it’s a pleasure to be with you. When I took office back in January, the first – and most urgent – problem confronting our economy was obviously the pandemic: helping people make it to the other side of the crisis and ensuring they were met there by a robust recovery. Thanks to this Congress – and its passage of the American Rescue Plan – I believe we are well on our way towards that goal. But we have to be clear-eyed about something: The pandemic was not our only economic problem. Long before a single American was infected with COVID-19, millions of people in this country were running up against a series of long-term, structural economic challenges that undermined their ability to make a good living. For instanc...
    See more | Go to post

  • Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on State, Foreign Operations, and Related Programs, U.S. House of Representatives

    Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on State, Foreign Operations, and Related Programs, U.S. House of Representatives | site |




    (Information contained in U.S. Department of the Treasury press release dated: June 10, 2021)


    Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on State, Foreign Operations, and Related Programs, U.S. House of Representatives


    Chairwoman Lee, Ranking Member Rogers, and members of the Subcommittee, it’s a pleasure to join you today. When I took office, one of my greatest concerns was a K-shaped recovery from the pandemic; a recovery where high-income households rebounded quickly – or even emerged better-off – while low- and middle-income families suffered for a very long time. We can be confident now that’s not going to happen, thanks in part to your support of the fiscal stimulus in the American Rescue Plan. The same, tho...
    See more | Go to post

  • U.S. Treasury Secretary Janet L. Yellen to Attend G7 Finance Ministers Meeting in London, England

    U.S. Treasury Secretary Janet L. Yellen to Attend G7 Finance Ministers Meeting in London, England | site |


    (Information contained in U.S. Department of the Treasury press release dated: May 24, 2021) Washington - - The U.S. Department of the Treasury today announced that Secretary Janet L. Yellen will attend the G7 finance ministers meeting in London, England from June 4-5, 2021. While in London, Secretary Yellen will reinforce the U.S. commitment to policy priorities to promote the global recovery from the COVID-19 pandemic including supportive fiscal policies, vaccine access, and distribution. She will also discuss with her G7 partners the importance of improving public health to prevent future pandemics and building greener and more resilient economies to meet the challenges of climate change. Ahead of this trip, Secretary Yellen will also take part in a virtual meeting of G7 finance ministers and central bank governors. This will be the first overs...
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  • Remarks by Secretary of the Treasury Janet L. Yellen on A Better Deal for Americans to The U.S. Chamber of Commerce

    Remarks by Secretary of the Treasury Janet L. Yellen on A Better Deal for Americans to The U.S. Chamber of Commerce | site |




    (Information contained in U.S. Department of the Treasury Statement and Remarks press release dated: May 18, 2021)


    Remarks by Secretary of the Treasury Janet L. Yellen on A Better Deal for Americans to The U.S. Chamber of Commerce

    May 18, 2021

    As prepared for delivery.


    Thank you, Suzanne, for the introduction and for hosting this important forum. The Chamber of Commerce has been a leader in responding to the pandemic and promoting a global recovery. I look forward to continuing to work with you and the private sector to realize the Biden Administration’s vision for a better American economy.

    INTRODUCTION

    Anyone observing the United States in recent years would see striking contrasts across our economic landscape. We have bee...
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  • Secretary of the U.S. Treasury Janet L. Yellen’s Meeting with the American Bankers Association Board of Directors

    Secretary of the U.S. Treasury Janet L. Yellen’s Meeting with the American Bankers Association Board of Directors | site |


    (Information contained in U.S. Department of the Treasury press release dated: May 18, 2021) Earlier today, Secretary of the Treasury Janet L. Yellen met with members of the American Bankers Association (ABA) Board of Directors to discuss ways the Treasury Department and the ABA can work together to facilitate a strong recovery over the short-term and a robust economic expansion over the longer-term. The Secretary highlighted the role of banks as a necessary source of strength due to their critical role channeling emergency government support to households and businesses through the Paycheck Protection Program and Economic Impact Payments. The Secretary also noted the crucial role banks can play as part of the Biden Administration’s historic investments in both infrastructure and the essential services for families -like childcare- ...
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  • Secretary of the Treasury Janet L. Yellen to Chair Meeting of the Financial Literacy and Education Commission

    Secretary of the Treasury Janet L. Yellen to Chair Meeting of the Financial Literacy and Education Commission | site |


    (Information contained in U.S. Department of the Treasury press release dated: May 18, 2021)

    Washington - - Secretary of the Treasury Janet L. Yellen will chair a meeting of the Financial Literacy and Education Commission (FLEC) on May 26, 2021. The meeting will focus on the role of financial education in reducing economic inequity.

    The Commission’s vision is of sustained financial well-being for all individuals and families in the U.S. In furtherance of this vision, the Commission sets strategic direction for policy, education, practice, research, and coordination so that all Americans make informed financial decisions. Deputy Secretary of the Treasury Wally Adeyemo will moderate a discussion among experts in the field including:
    • John Hope Bryant, Founder, Chairman, and CEO of Operation Hope,
    • Marc
    ...
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  • Remarks by U.S. Department of the Treasury Secretary Janet L. Yellen at the Pontifical Academy of Sciences and the Pontifical Academy of Social Sciences Event Dreaming of a Better Restart

    Remarks by U.S. Department of the Treasury Secretary Janet L. Yellen at the Pontifical Academy of Sciences and the Pontifical Academy of Social Sciences Event Dreaming of a Better Restart | site |


    (Information contained in U.S. Department of the Treasury Statements and Remarks press release dated: May 14, 2021)


    Remarks by U.S. Department of the Treasury Secretary Janet L. Yellen at the Pontifical Academy of Sciences and the Pontifical Academy of Social Sciences Event Dreaming of a Better Restart
    ​​​​​
    The COVID-19 pandemic has had a devastating effect on human life and our economies. It has also exacerbated global inequality, potentially undoing years of gains in reducing poverty and international economic convergence. Low-income countries are in a particularly difficult situation. Not only are they are facing rising poverty levels, but also increasing debt burdens, and little policy space. Many low-income countries lack the resourc...
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  • Statement by U.S. Secretary of the Treasury Yellen on the President’s FY22 Discretionary Funding Request

    Statement by U.S. Secretary of the Treasury Yellen on the President’s FY22 Discretionary Funding Request | site |



    President Outlines Proposals to Support Fairness and Equity in Our Tax System, Invest in Communities and Small Businesses, and Safeguard the U.S. Financial System from Illicit Actors


    (Information contained in U.S. Department of the Treasury press release dated: April 9, 2021)


    Washington - - The Biden-Harris Administration today submitted to Congress the President’s priorities for fiscal year 2022 discretionary spending. The funding request invests in the core foundations of our country’s strength and advances key Treasury Department priorities, including ensuring that all Americans are treated fairly by our tax system, expanding programs that offer loans to start-ups and small businesses to promote affordable housing and community revitalization projects, and closing loopholes that allow illicit actors to...
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  • Statement from Secretary of the Treasury Janet L. Yellen on the U.S Senate’s Vote on the American Rescue Plan

    Statement from Secretary of the Treasury Janet L. Yellen on the U.S Senate’s Vote on the American Rescue Plan | site |



    (Information contained in U.S. Department of the Treasury press released dated: March 6, 2021)




    Statement from Secretary of the Treasury Janet L. Yellen on the U.S Senate’s Vote on the American Rescue Plan


    The Senate took a critical step today. With the economy down 9.5 million jobs since February 2020, it could be two years before the labor market simply reaches its pre-pandemic level. These high rates of job loss threaten the wellbeing of workers and their families. They may create economic scars that last well beyond the end of the pandemic. This is why our country is in need of an ambitious relief bill to help Americans endure the final months of this crisis; to put food on the table, checks in the mail, and vaccine shots in the arm. With the Senate’s vote on the American Rescue Pla...
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  • Letter from Treasury Secretary Janet L. Yellen to G20 Colleagues

    Letter from Treasury Secretary Janet L. Yellen to G20 Colleagues

    Letter from Treasury Secretary Janet L. Yellen to G20 Colleagues | site |



    (Information contained in U.S. Department of the Treasury press release dated: February 25, 2021) Washington - - Today, Treasury Secretary Janet L. Yellen sent a letter to her G20 colleagues. The text of the letter is below: Dear Colleagues: For more than a year the global community has faced a historic challenge from the dual health and economic crises caused by the pandemic. COVID-19 does not have a nationality nor respect borders, and we continue to see its devastating impact on the health and well-being of our people, our economies, and the social fabric of our societies. No one nation alone can declare victory over these crises. Indeed, our cooperation has never mattered more. This is a moment made for action and for multilateralism. Our first task must be stopping the virus. Containing the pandemic across the globe is paramount to a robust economic recovery. The United States ...
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  • Secretary of the Treasury Janet L. Yellen’s Call with European Central Bank President Christine Lagarde

    Secretary of the Treasury Janet L. Yellen’s Call with European Central Bank President Christine Lagarde | site |



    (Information contained in U.S. Department of the Treasury press released dated: February 16, 2021)

    Earlier today, Secretary of the Treasury Janet L. Yellen spoke with European Central Bank (ECB) President Christine Lagarde. Secretary Yellen emphasized their shared priorities, including ending the pandemic, supporting a strong global economic recovery, maintaining financial stability, and forcefully addressing the threat of climate change. The Secretary commended the ECB’s swift and decisive policy response to the pandemic and discussed policy tools to foster growth and job creation in both Europe and the United States. The Secretary emphasized the importance of deepening transatlantic cooperation on economic and financial issues of mutual interest.
    ...
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  • Statement by Secretary of the Treasury Janet L. Yellen on the Historic Impact of Economic Crises on People of Color

    Statement by Secretary of the Treasury Janet L. Yellen on the Historic Impact of Economic Crises on People of Color | site |



    Information contained in U.S. Department of the Treasury statement release dated: February 5, 2021)


    Today, Secretary Yellen spoke at a virtual roundtable with Vice President Kamala D Harris and participants from local Black Chambers of Commerce from across the country to discuss the importance of passing the American Rescue Plan.



    (Remarks as prepared)

    Thank you all for joining us. I know the members of the Black Chambers of Commerce have been very engaged in helping us respond to this economic crisis, and I am looking forward to our conversation. I’ve been an economist for a long time, and one of the areas where I’ve focused my attention is on the racial disparity in economic outcomes. It was probably because I started studying economics during the Civil Rights Moveme...
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  • Day One Message to Staff from Secretary of the United States Department of the Treasury Janet L. Yellen

    Day One Message to Staff from Secretary of the United States Department of the Treasury Janet L. Yellen | site |





    (Information contained in U.S. Department of the Treasury press release dated: January 26, 2021)



    January 26, 2021 Washington - - Today, after being sworn in as the 78th Secretary of the U.S. Department of the Treasury by Vice President Kamala D. Harris, Secretary Janet L. Yellen sent a letter to the 84,000 public servants of the Department. The text of the letter is below: Dear colleagues, My name is Janet Yellen, and a short while ago, I was sworn in as the 78th Secretary of the Treasury. It’s an incredible honor to join this team of 84,000 public servants. I can’t overstate that. When President Biden asked if I would accept the position of Treasury Secretary, I said “yes” in large part because I knew who I would be working with. I had just spent fourteen years at the Federal Reserv...
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  • Janet L. Yellen Sworn In As 78th Secretary of the United States Department of the Treasury

    Janet L. Yellen Sworn In As 78th Secretary of the United States Department of the Treasury | site |




    (Information contained in U.S. Department of the Treasury press release dated: January 26, 2021)

    Washington - - Earlier today, Vice President Kamala D. Harris administered the oath of office to Janet L. Yellen. Secretary Yellen is the first woman to lead the U.S. Department of the Treasury in its 231-year history, and the first person to have served as Treasury Secretary, Chair of the Council of Economic Advisers, and Chair of the Federal Reserve. She has previously been confirmed by the Senate on four separate occasions....
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  • Staff Reporter 1
    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Ways and Means, U.S. House of Representatives
    by Staff Reporter 1
    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Ways and Means, U.S. House of Representatives | site |




    (Information contained in U.S. Department of the Treasury press release dated: June 17, 2021)


    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Ways and Means, U.S. House of Representatives


    Chairman Neal, Ranking Member Brady, it’s a pleasure to be with you. When I took office back in January, the first – and most urgent – problem confronting our economy was obviously the pandemic: helping people make it to the other side of the crisis and ensuring they were met there by a robust recovery. Thanks to this Congress – and its passage of the American Rescue Plan – I believe we are well on our way towards that goal. But we have to be clear-eyed about something: The pandemic was not our only economic problem. Long before a single American was infected w...
    06-18-2021, 09:55 AM
  • Staff Reporter 1
    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Finance, U.S. Senate
    by Staff Reporter 1
    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Finance, U.S. Senate | site |




    (Information contained in U.S. Department of the Treasury press release dated: June 16, 2021) Chairman Wyden, Ranking Member Crapo, it’s a pleasure to be with you. When I took office back in January, the first – and most urgent – problem confronting our economy was obviously the pandemic: helping people make it to the other side of the crisis and ensuring they were met there by a robust recovery. Thanks to this Congress – and its passage of the American Rescue Plan – I believe we are well on our way towards that goal. But we have to be clear-eyed about something: The pandemic was not our only economic problem. Long before a single American was infected with COVID-19, millions of people in this country were running up against a series of long-term, structural economic challenges that undermined their ability to make a good living. For instanc...
    06-17-2021, 08:40 AM
  • Staff Reporter 1
    Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on State, Foreign Operations, and Related Programs, U.S. House of Representatives
    by Staff Reporter 1
    Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on State, Foreign Operations, and Related Programs, U.S. House of Representatives | site |




    (Information contained in U.S. Department of the Treasury press release dated: June 10, 2021)


    Testimony of Secretary of the Treasury Janet L. Yellen to the Subcommittee on State, Foreign Operations, and Related Programs, U.S. House of Representatives


    Chairwoman Lee, Ranking Member Rogers, and members of the Subcommittee, it’s a pleasure to join you today. When I took office, one of my greatest concerns was a K-shaped recovery from the pandemic; a recovery where high-income households rebounded quickly – or even emerged better-off – while low- and middle-income families suffered for a very long time. We can be confident now that’s not going to happen, thanks in part to your support of the fiscal stimulus in the American Rescue Plan. The same, tho...
    06-11-2021, 09:44 AM
  • Staff Reporter 1
    U.S. Treasury Secretary Janet L. Yellen to Attend G7 Finance Ministers Meeting in London, England
    by Staff Reporter 1
    U.S. Treasury Secretary Janet L. Yellen to Attend G7 Finance Ministers Meeting in London, England | site |


    (Information contained in U.S. Department of the Treasury press release dated: May 24, 2021) Washington - - The U.S. Department of the Treasury today announced that Secretary Janet L. Yellen will attend the G7 finance ministers meeting in London, England from June 4-5, 2021. While in London, Secretary Yellen will reinforce the U.S. commitment to policy priorities to promote the global recovery from the COVID-19 pandemic including supportive fiscal policies, vaccine access, and distribution. She will also discuss with her G7 partners the importance of improving public health to prevent future pandemics and building greener and more resilient economies to meet the challenges of climate change. Ahead of this trip, Secretary Yellen will also take part in a virtual meeting of G7 finance ministers and central bank governors. This will be the first overs...
    05-27-2021, 02:52 PM
  • Staff Reporter 1
    Remarks by Secretary of the Treasury Janet L. Yellen on A Better Deal for Americans to The U.S. Chamber of Commerce
    by Staff Reporter 1
    Remarks by Secretary of the Treasury Janet L. Yellen on A Better Deal for Americans to The U.S. Chamber of Commerce | site |




    (Information contained in U.S. Department of the Treasury Statement and Remarks press release dated: May 18, 2021)


    Remarks by Secretary of the Treasury Janet L. Yellen on A Better Deal for Americans to The U.S. Chamber of Commerce

    May 18, 2021

    As prepared for delivery.


    Thank you, Suzanne, for the introduction and for hosting this important forum. The Chamber of Commerce has been a leader in responding to the pandemic and promoting a global recovery. I look forward to continuing to work with you and the private sector to realize the Biden Administration’s vision for a better American economy.

    INTRODUCTION

    Anyone observing the United States in recent years would see striking contrasts across our economic landscape. We have bee...
    05-20-2021, 08:27 AM

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