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“Is this Janet Yellen’s demise? A new Treasury secretary is due” Treasury Secretary Janet Yellen sure looks like she’s got the backing of the “Big Guy,” aka Joe Biden, to remain as steward of the $25 trillion US economy. There are continued denials by the White House flack that Yellen is about to be jettisoned,…
“Janet Yellen says she plans to remain as Treasury secretary” Treasury Secretary Janet Yellen on Wednesday said she “certainly” planned to stay on in her job for the duration of President Joe Biden’s term, dismissing speculation she was considering leaving after this month’s midterm elections. Yellen told an event hosted by the New York Times Dealbook she had no plans to…
“The US economy is at the mercy of Jerome Powell and Janet Yellen” While Americans struggle to pay their bills amid soaring inflation, the institutions we rely on to wrestle the economy back to stability are engaged in a secret power struggle which only worsens the impending crisis. Federal Reserve Chair Jerome Powell and Treasury…
“US recession forecast hits 100% as inflation rages, midterms loom” The US economy falling into recession within the next 12 months is a virtual certainty, according to the latest Bloomberg Economics forecast model released on Monday. The dire projection surfaced just weeks before national midterm elections that will determine control of Congress. Just one week…
“How Janet Yellen refused to be ‘used’ by Clinton during Lewinsky scandal” Treasury Secretary Janet Yellen refused to be “trotted out” and “used” by then-President Bill Clinton when the Monica Lewinsky scandal broke nearly 25 years ago, according to explosive claims in a newly released book. During the Clinton presidency, Yellen was nominated to a…
” Cato Institute CEO says his daughter married the ‘Bitcoin Sign Guy’ from 2017 hearing “ Peter Goettler, the CEO of United States-based think tank Cato Institute, has provided an update to the crypto community on the man who photobombed former Federal Reserve Chair Janet Yellen during a 2017 congressional hearing — and he’s in…
” Bitcoin derivatives data suggests bears will pin BTC below $21K leading in Friday’s options expiry “ Most Bitcoin (BTC) traders would rather see a sharp price correction and a subsequent recovery than agonize for multiple months below $24,000. However, BTC has been doing the opposite since June 14 and its most recent struggle is…
“Biden’s inexperienced lackeys unlikely to pull US out of inflation doom” You’ve heard the saying, “Get woke, go broke.” Well, that is exactly what is happening to America as President Biden prioritizes woke concerns such as climate change and gender and racial “equity” over sound economic management. With inflation hitting a spine-chilling record 9.1%, there…
“US recession this year is more likely than not: Nomura analysts” The US economy is more likely than not to sink into a recession this year as the Federal Reserve tightens monetary policy in its bid to cool decades-high inflation, economists warned Monday. “Disruptions in the energy and food sectors, coupled with declining consumer sentiment,…
“Fed still ‘much too optimistic’ on inflation” Ex-Treasury Secretary Larry Summers warned that the Federal Reserve’s forecasts on inflation have been “much too optimistic” so far — and warned that the US economy is teetering on the edge of a recession. Summers, an early and frequent critic of the Fed’s response to surging inflation that…