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“Inflation stayed red-hot in May as high energy prices drive soaring prices” American consumers continue to be weighed down by soaring levels of inflation as the consumer price index remained at a sky-high clip of 8.6% — the highest since 1981 — thanks to skyrocketing oil prices as well as the rising cost of food,…
” Yellen doubts crypto’s place in 401(k), says Congress could regulate “ The Secretary of the United States Treasury, Janet Yellen, weighed in on including cryptocurrencies in retirement plans, calling them a very risky investment that should be regulated by Congress. During an event organized by the New York Times in Washington on June 9,…
“Janet Yellen recognizes ‘unacceptable levels of inflation’ in US” Treasury Secretary Janet Yellen acknowledged Tuesday that inflation has reached “unacceptable” heights, even as she defended Biden administration-backed spending bills that Republican lawmakers allege have contributed to the problem. “We currently face macroeconomic challenges, including unacceptable levels of inflation,” Yellen told the Senate Finance Committee three days…
“Biden’s inflator in chief Brian Deese is an awful pick” There might be worse choices to lead President Joe Biden’s fight against inflation — Vice President Kamala Harris immediately comes to mind. But the role of Brian Deese in Biden’s new and belated “laser focus” on inflation is more proof that Sleepy Joe either doesn’t…
” Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining “ This week the crypto market endured a sharp drop in valuation after Coinbase, the leading U.S. exchange, reported a $430 million quarterly net loss and South Korea announced plans to introduce a 20% tax on crypto gains. During its worst…
” US Treasury Secretary reaffirms need for stablecoin regulation following UST crash “ United States Secretary of the Treasury Janet Yellen called on U.S. lawmakers to develop a “consistent federal framework” on stablecoins to address risks to financial stability. In a Tuesday hearing of the Senate Banking Committee on the Financial Stability Oversight Council Annual…
” Law Decoded: Crypto risks, imaginary and real, and creative ways of addressing them, April 4–11 “ Last week, there was a lot of regulatory talk about crypto-related risks. While this is very common in itself, some angles and proposed solutions to such risks came across as novel. In the United States, the Federal Deposit…
“Janet Yellen calls for crypto regulations to cut risks, fraud” Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions. In practice, one result would be that users would get documentation of their crypto dealings for use in filing…
” Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets “ United States Treasury Secretary Janet Yellen listed stablecoins as one of the major policy concerns in the digital asset space for regulators, currently subject to “inconsistent and fragmented oversight.” Speaking to attendees at American University in Washington, D.C. on…
” Secretary Yellen recognizes ‘benefits of crypto’ despite lingering skepticism “ Janet Yellen, the 78th United States Secretary of the Treasury, spoke Friday morning on CNBC’s flagship business and politics show Squawk Box, on an array of topics from the growth of the renewable energy sector amid Russia’s economic isolation, the rising levels of inflation…