The beneficiaries of Wall Street’s cash flow have stacked President Joe Biden’s cabinet picks to head various agencies, including the Treasury Department, Transportation Department, and State Department.
“I don’t think that I have anything more for you on it, other than to say separate from the Gamestop issue the Secretary of Treasury is one of the world-renowned experts on markets, on the economy,” White House press secretary Psaki said during the press briefing.
The United States Senate voted Monday to confirm Janet Yellen as the nation’s next Secretary of the Treasury, making her the first woman to hold the position in American history after she was chosen by President Joe Biden last November.
Republicans could not muster one vote against Yellen in the Senate Finance Committee.
Janet Yellen’s nomination marks a break with historical norms, even though few in Washington, D.C. seem to have noticed.
A stark contrast with the bitter, partisan, bruising hearings Trump’s nominee faced four years ago.
President-elect Joe Biden’s nominee to head the Treasury Department, Janet Yellen, raked in millions from Wall Street firms and multinational corporations for “speaking fees” over just the past two years, financial disclosure reports reveal.
Yellen described the American dream as “a society where each person can rise to their potential and dream even bigger for their children.”
President Donald Trump’s niece, Mary Trump, said Tuesday on CNN’s “Tonight” her uncle was “delusional” and not capable of understanding a pardon is “essentially an admission of guilt,” so he will likely attempt to pardon himself.
Tuesday on FNC’s “Your World,” Sen. Rand Paul (R-KY) took a dig at Treasury Secretary Steve Mnuchin.
Joe Biden has purportedly settled on former Federal Reserve chairwoman Janet Yellen as his secretary of the treasury, according to the Wall Street Journal.
The Federal Reserve Bank of Chicago ended its work with University of Chicago economics professor Harald Uhlig after he was targeted by left-wing peers for criticizing the Black Lives Matter movement and its call to “defund the police.”
Former Federal Reserve chair Janet L. Yellen told the New York Times on Wednesday that she backs an effort to have Harald Uhlig fired as editor of a prestigious economic journal because he opposes “defund the police.”
“This is a huge, unprecedented, devastating hit,” Yellen said. “My hope is that we will get back to business as quickly as possible.”
Employment, household spending, and business investment have made solid gains, according to the Federal Reserve.
The Fed dramatically raised its forecast for economic growth in 2018 while saying it will not stand in the way of tax cut driven growth.
The Federal Reserve raised short-term interest rates by a quarter point on Wednesday, setting a target range of 1.25% to 1.5%.
The Federal Reserve will almost certainly raise its short-term interest rate target by a quarter percentage point at the conclusion of its two-day policy meeting Wednesday.
President Donald Trump is leaning toward appointing both Standford University economist John Taylor and former investment Jerome “Jay” Powell to top positions at the Federal Reserve, according to people familiar with the president’s thinking.
Odds of a Yellen reappointment fade as Trump tells Fox Business he is leaning toward naming Jerome Powell to lead Fed.
Two of Donald Trump’s front-runners for Fed Chairman represent “the monetary policies that have favored the affluent and done little or nothing for the real economy,” says the Wall Street Journal’s Editorial Board. Current Chair Janet Yellen and Fed Board alum Jay Powell are, according to the publication, a continuation of the same failed Fed policies that led “so many working-class voters [to turn] to Mr. Trump in 2016.”
As Janet Yellen’s tenure as the Chairman of the Federal Reserve Bank comes to a close, here are some of the candidates that could replace her at the end of her term next February.
According to a Tuesday report from Politico, National Economic Council Director Gary Cohn is President Trump’s leading candidate to succeed Janet Yellen as chairman of the Federal Reserve.
Contents: Fed Reserve Chairman Janet Yellen says ‘no financial crisis in our lifetimes’; Examining the stock market bubble; Remembering Alan Greenspan as Fed Chairman; Remembering Ben Bernanke as Fed Chairman
President Trump’s base appears to be growing concerned with the direction of his administration, against the backdrop of a number of drastic policy shifts from the campaign period as well as his first few weeks in office.
The possibility that Trump may support the status quo at the Fed has some supporters scratching their heads. On Wall Street, this is widely viewed as the result of the influence of Gary Cohn and other financiers on the president.
It’s been nearly two months since the Federal Reserve said its long-running general counsel Scott Alvarez will retire this year and no replacement has been named.
President Donald Trump’s promises to cut taxes, increase infrastructure spending, and reduce regulatory burdens on businesses have boosted optimism of everyone from CEOs to small businesses to consumers, sent the financial markets soaring, and boosted job creation.
Federal Reserve Chair Janet Yellen speaks at the Federal Open Market Committee press conference on Wednesday, March 15, 2017. Follow Breitbart.tv on Twitter @BreitbartVideo
Contents: Champagne corks pop as a ‘Trump rally’ sends Wall Street stocks parabolic; End of debt ceiling suspension on March 15 signals new Washington fiscal crisis; The velocity of money keeps plummeting, indicating no economic growth
The Federal Reserve raised interest rates a quarter of a point on Wednesday for only the second time in a decade, and with an improved economic outlook, rates are now predicted to rise three times in 2017.
Weak August employment growth of just 151,000 in total non-farm payrolls, along with a 1,000-job downward revision for July, may allow the U.S. Federal Reserve to delay raising interest rates despite inflation concerns.
GOP frontrunner Donald Trump hinted that if he were elected president, he would replace Federal Reserve Chair Janet Yellen.
Most political reporters are fixated on the presidential horserace rather than the message candidates are sending to voters. Message wins all the time. Message moves polls. Message raises money. Message determines elections.
Financial analyst and Fox News contributor Gary Kaltbaum was not impressed with Federal Reserve chairwoman Janet Yellen’s congressional testimony this week.
Many Americans may not know her name, but Gary Kaltbaum appeared on Breitbart News Thursday to explain why Federal Reserve chairwoman Janet Yellen is the most important woman in our lives.
The Fed’s decision to raise interest rates a quarter point for the first time in nearly a decade represents an important and welcome step in the direction of fiscal sanity. It’s a small step, but one that benefits ordinary Americans and will be disliked by many on Wall Street. And in the nation’s capitol.
WASHINGTON (AP) — The Federal Reserve is raising interest rates from record lows set at the depths of the 2008 financial crisis, a shift that heralds modestly higher rates on some loans.
The problem facing Democrats as they roll into the 2016 election cycle is that the economy has improved just enough for the Federal Reserve to kill it with an interest-rate hike.
Sen. Ted Cruz (R-TX) and 20 other of his colleagues have co-sponsored Sen. Rand Paul’s (R-KY) Federal Reserve Transparency Act of 2015, according to a statement released by Cruz.
