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CATEGORY: treasury secretary janet yellen

US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 25, 2023 05:50

US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize

U.S. Treasury Secretary Janet Yellen has defended the dominance of the U.S. dollar amid rising efforts by emerging countries to de-dollarize. Brazilian President Luiz Inácio Lula da Silva, in particular, is set to raise the issue of de-dollarization at the next BRICS meeting. “There is a very good reason why the dollar is used widely [...]

The post US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize appeared first on Crypto Breaking News.

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Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 23, 2023 05:50

Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later

U.S. Treasury Secretary Janet Yellen has insisted that the U.S. could default on its debt obligations on June 1. “I think that’s a hard deadline,” she stressed. Meanwhile, global investment bank Goldman Sachs has estimated that the “real deadline” for a possible U.S. default is “more like” June 8-9. Yellen and Goldman Sachs on U.S. [...]

The post Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later appeared first on Crypto Breaking News.

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Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 22, 2023 05:50

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary [...]

The post Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion appeared first on Crypto Breaking News.

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US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 17, 2023 02:10

US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony

U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions “judiciously,” as they can create a desire to find alternatives to the U.S. dollar. U.S. Treasury Secretary Yellen Talks [...]

The post US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony appeared first on Crypto Breaking News.

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US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 14, 2023 05:50

US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns

The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department that a [...]

The post US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns appeared first on Crypto Breaking News.

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