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Inflation is "not yet where it needs to be," Treasury Secretary Yellen says

May 9, 2024
Janet Yellen addresses the state of the U.S. economy and underscores the country's rivalry and collaboration with China in an interview.

Yellen's in China to deliver a message: Stop making so much stuff!

Apr 5, 2024
The booming U.S. economy is giving her leverage on trade as Western economies try to prevent a wave of cheap Chinese goods hitting the market.
Treasury Secretary Janet Yellen speaks during a meeting with Chinese Vice Premier He Lifeng on Friday. Yellen is on a five-day visit for trade talks amid tensions between the U.S. and China.
Ken Ishii - Pool/Getty Images

Yellen's trip to China may start with finding economic common ground

Jun 27, 2023
In March, the Treasury secretary told Marketplace that the U.S. and China need to put a "floor" under their relationship.
U.S. Treasury Secretary Janet Yellen plans to visit Beijing in July.
Lewis Joly/Pool/AFP via Getty Images

"We simply must pay our bills": Janet Yellen on debt, inflation, infrastructure and what the economy needs

Nov 9, 2021
The Treasury secretary doesn't see a 1970s-style inflation shock on the horizon. "The Federal Reserve wouldn’t permit that to happen."
Treasury Secretary Janet Yellen in Glasgow, Scotland, last week for the United Nations Climate Change Conference.
Christopher Furlong/Getty Images

The origin of the U.S. debt ceiling

Nov 2, 2021
Congress is once again considering raising the debt limit. When did that start?
A sign at a Washington, D.C., bus stop showed the amount of the national debt on Oct. 25. The clock is ticking on another debt ceiling agreement to prevent a default.
Julie Chabanas/AFP via Getty Images

Yellen says high inflation is temporary. And if it isn't?

Oct 25, 2021
Treasury Secretary Janet Yellen says inflation should ease by next year, but anxiety about that is still running high.
U.S. Treasury Secretary Janet Yellen addresses a hybrid meeting in October 2021. Yellen has reiterated her belief that current inflation is only temporary.
Chip Somodevilla via Getty Images

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Fed Chair: Rise in inflation not "particularly large" from $1.9 trillion rescue package

Mar 23, 2021
Powell told lawmakers Tuesday that the “effect on inflation will be neither particularly large nor persistent,” from the $1.9 trillion rescue plan.
Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testified before the House Financial Services Committee Tuesday.
Screengrab via Youtube

Biden: Yellen needs a “Hamilton” musical. Dessa: Here you go.

Jan 21, 2021
We asked indie rapper and "Hamilton Mixtape" contributor Dessa to write a song about the first woman poised to be treasury secretary. Listen here.
"She’s 5-foot nothing, but hand to God, she can pop a collar, she can rock a power bob."
Chip Somodevilla/Getty Images

Janet Yellen says national recovery is more important than the national debt

Jan 19, 2021
President-elect Joe Biden's nominee for treasury secretary stressed that if we don't shore up the economy now, we'll have a worse crisis to manage later.
Then-Federal Reserve Chair Janet Yellen testifies before a House panel in 2016, with the national debt displayed in the background. Yellen, now nominated to run the Treasury Department, is focused on funding an economic recovery.
Alex Wong/Getty Images