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☆ ‘We Must Go Faster.’ Yellen Says Rich Nations Must Speed Debt Relief
▼ + stars: | 2023-07-16 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

Treasury Secretary Janet L. Yellen called on Sunday for international creditors to speed up their efforts to provide debt relief to developing countries facing default, arguing that shoring up their deteriorating finances would benefit the global economy. Speaking in Gandhinagar, India, ahead of a gathering of finance ministers from the Group of 20 nations, Ms. Yellen cited a recent agreement among international creditors, including China, to help Zambia pay its debts. “We should apply the common principles we agreed to in Zambia’s case in other cases rather than starting at zero every time,” Ms. Yellen said. “And we must go faster.”The Treasury secretary noted that more than half of low-income countries are in or near debt distress — double the total from 2015. These nations face a vicious cycle, because heavy public debt levels make it hard to attract public and private investment.

Persons: Janet L, Yellen, ” Ms Locations: Gandhinagar, India, China, Zambia, Ghana, Sri Lanka

☆ Federal Reserve Raises Interest Rates by Another Quarter Point
▼ + stars: | 2023-05-03 | by ( The New York Times | The Associated Press | ) www.nytimes.com time to read: 1 min

NOW PLAYINGFederal Reserve Raises Interest Rates by Another Quarter Point0:59‘Taxpayers Are Not on the Hook’ for First Republic Collapse, Biden Says1:15Fox News Settles Defamation Lawsuit With Dominion0:25Fed Vice Chair Calls SVB a ‘Textbook Case of Bank Mismanagement’1:21Yellen Calls for Review of Financial Regulations After Bank Collapses1:09Fed Raises Interest Rates a Quarter of a Point0:55Yellen Reaffirms Support for Small Financial Institutions1:12U.S. Banking System ‘Is Sound,’ Yellen Says1:30‘The Banking System Is Safe,’ Biden Assures Americans0:51Fed Is Likely to Raise Rates Higher Than Expected, Powell Says0:59Biden Says U.S. Economy is ‘Strong’ After Jobs Report0:49

☆ Fed Vice Chair Calls SVB a ‘Textbook Case of Bank Mismanagement’
▼ + stars: | 2023-03-28 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

NOW PLAYINGFed Vice Chair Calls SVB a ‘Textbook Case of Bank Mismanagement’1:21Yellen Calls for Review of Financial Regulations After Bank Collapses1:09Fed Raises Interest Rates a Quarter of a Point0:55Yellen Reaffirms Support for Small Financial Institutions1:12U.S. Banking System ‘Is Sound,’ Yellen Says1:30‘The Banking System Is Safe,’ Biden Assures Americans0:51Fed Is Likely to Raise Rates Higher Than Expected, Powell Says0:59Biden Says U.S. Economy is ‘Strong’ After Jobs Report0:49Federal Reserve Announces Quarter-Point Interest Rate Increase1:02Biden Says Inflation Report Is ‘Proof’ His Economic Plan Is Working0:25FTX Founder Leaves Court in Handcuffs0:57

☆ Fed Raises Interest Rates a Quarter of a Point
▼ + stars: | 2023-03-22 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

1:21Yellen Calls for Review of Financial Regulations After Bank CollapsesNOW PLAYINGFed Raises Interest Rates a Quarter of a Point0:55Yellen Reaffirms Support for Small Financial Institutions1:12U.S. Banking System ‘Is Sound,’ Yellen Says1:30‘The Banking System Is Safe,’ Biden Assures Americans0:51Fed Is Likely to Raise Rates Higher Than Expected, Powell Says0:59Biden Says U.S. Economy is ‘Strong’ After Jobs Report0:49Federal Reserve Announces Quarter-Point Interest Rate Increase1:02Biden Says Inflation Report Is ‘Proof’ His Economic Plan Is Working0:25FTX Founder Leaves Court in Handcuffs0:57Federal Reserve Raises Interest Rates at Slower Pace1:44

☆ U.S. Banking System ‘Is Sound,’ Yellen Says
▼ + stars: | 2023-03-16 | by ( The Associated Press | ) www.nytimes.com time to read: 1 min

NOW PLAYINGU.S. Banking System ‘Is Sound,’ Yellen Says1:30‘The Banking System Is Safe,’ Biden Assures Americans0:51Fed Is Likely to Raise Rates Higher Than Expected, Powell Says0:59Biden Says U.S. Economy is ‘Strong’ After Jobs Report0:49Federal Reserve Announces Quarter-Point Interest Rate Increase1:02Biden Says Inflation Report Is ‘Proof’ His Economic Plan Is Working0:25FTX Founder Leaves Court in Handcuffs0:57Federal Reserve Raises Interest Rates at Slower Pace1:44Prosecutor Announces Charges Against FTX Founder1:41FTX Used ‘Old-Fashioned Embezzlement,’ New Chief Says1:12Biden Celebrates Cooling Inflation0:48

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