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Added on the 23/11/2020 16:18:45 - Copyright : Wochit
Former chair of the US Federal Reserve Janet Yellen is on the same page as current Fed chair Jay Powell. Markets Insider reports Yellen echoes Powell, in that the Fed has 'already done a huge amount,' and now it's time for the US Congress to start pulling its weight. While the pandemic is still seriously affecting the economy, we need to continue extraordinary fiscal support. Janet Yellen Former Chair, US Federal Reserve Furthermore, Markets Insider reports Yellen told Bloomberg News she wants to see the US make a 'more effective effort' at fighting the pandemic. After all, she added, Germany, Korea, and China have all been successful in doing so.
Treasury Secretary Janet Yellen plans to tell Chinese officials Washington wants healthy economic competition but will defend U.S. trade curbs imposed on security grounds and express concern about Beijing's export controls on metals used in semiconductors and solar panels, a senior Treasury official said Thursday. Yellen was due to meet Friday with China's No. 2 leader, Premier Li Qiang, as part of efforts to revive relations that are at their lowest level in decades due to disputes over security, technology and other irritants. Treasury officials have said she wouldn't meet with Chinese leader Xi Jinping. FRANCE 24's Shirli Sitbon explains.
Yellen expressed that this was the first tranche of an additional €10 billion that the United States will send to Kyiv in the coming months.
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