Janet Yellen
Ex-OCC chief Michael Hsu on the impact of an America-first agenda
The former acting comptroller speaks about the future of the US Treasury market, Fed independence, financial de-regulation, the Genius Act and international co-operation
Interpreting the PBoC’s slew of policy reforms
How are new stimulus measures, bond market tactics, deflationary pressures and monetary policy framework changes affecting central banking in China?
US and China bolster collaboration on financial stability
PBoC and Treasury strengthen communication channels for managing periods of stress
G7 may use Russian asset profits to fund Ukraine
US asks European governments to agree money should back $50 billion loan
Asian policy-makers move to support currencies
Indonesia and Vietnam intervene in markets, while Japan, Korea and Malaysia issue warnings
US and China set up economics and finance working groups
Officials will report to US Treasury Secretary Janet Yellen and Chinese vice-premier He Lifeng
G20 promises greater funding for World Bank
US-led effort could unlock $200 billion of funding capacity, if countries follow through on pledges
US Senate confirms Jefferson and Cook for Fed posts
Upper house agrees to vote soon on Biden’s third nominee, Adriana Kugler
US Treasury bolsters ties with Vietnam’s central bank
Treasury secretary Janet Yellen says US will promote “friendshoring” with Vietnam
Biden nominates Jefferson as Fed vice-chair
President chooses first Latinx candidate for Fed board, and names Cook for full term
Biden may nominate Kugler, promote Jefferson on Fed board – reports
Adriana Kugler would be the first Latinx Fed governor in the central bank’s 109-year history
A troubling trilemma
Central banks need to tread a fine line as they serve as the economy’s police, fire brigade and paramedics
Yellen flags ‘contagious bank run’ risk
US Treasury secretary pledges small banks will gain 100% deposit insurance if needed
Central banks step up dollar liquidity support
But initial auction results show little evidence of pressure on dollar funding
FATF suspends Russia and grey-lists Africa’s largest economies
South African president pledges rapid reform as Yellen hails action against Russia
World Bank president to step down in June
Malpass to leave office early in June after sparking climate change controversy
World Bank’s model ‘insufficient’ for global threats – Yellen
US Treasury secretary says institution needs to do more on climate change
Lael Brainard may take White House post
Biden could ask Federal Reserve vice-chair to lead economic council, reports say
Book notes: Yellen, by Jon Hilsenrath
This book offers new insights into the tough decisions and tremendous efforts Yellen has made as a pre-eminent economic policy-maker
Development banks need to change amid global threats – Yellen
“Extreme stress” and global threats demand rethink, says US Treasury secretary
US imposes sanctions on Russian governor
Treasury says Nabiullina and other officials have facilitated Russian invasion of Ukraine