Finance Minister Nirmala Sitharaman held a discussion on global economic outlook with US Secretary of Treasury Janet Yellen, wherein the latter appreciated India's contribution to the vaccine efforts
Yellen said an SDR allocation and steps to boost low- and zero-interest lending by the World Bank and International Monetary Fund were needed to help contain the pandemic and mitigate its devastating
The Fed already conducts tests to address vulnerability to economic or market downturns, and uses the results as a basis for financial institutions' capital requirements
She said passage of the Anti-Money Laundering Act in December would allow the Treasury Department to rework a framework for combating illicit finance that has been largely unchanged since the 1970s
Janet Yellen has said the country was still in a deep hole with millions of lost jobs but that Joe Biden's $1.9 trn relief plan could generate enough growth to restore full employment by next year
'Workers who earn $60,000 per year should receive cheques as part of the relief package'
The core infrastructure of financial markets had proven resilient during the high volatility and heavy trading volume around GameStop and other stocks
Yellen did not specify what potential actions could be taken by regulators to respond to the situation
Small investors' participation in stock markets has exploded over the past year
Personal income tax refunds of Rs 62,231 crore have been issued to over 17.1 million taxpayers. Stay tuned for Latest LIVE news
A group of 16 senators, along with leaders of a group of House centrists, have engaged with the White House on the aid bill.
Yellen will take the lead in the effort to win Congressional support for Biden's proposed $1.9 trillion economic rescue plan, and increasing the federal minimum wage to $15 an hour
As head of the Treasury, she'll be tasked with shepherding President Joe Biden's $1.9 trillion American Rescue Plan through Congress and overseeing its execution
Yellen's nomination was approved 26-0 in the evenly split committee, with concerns expressed by Republicans about President Joe Biden's ambitious plans
Yellen's Republican predecessor, Steven Mnuchin, was not confirmed until three weeks after Trump's inauguration
Spot gold gained 1.18 per cent to $1,862.10 per ounce by 8.20 pm IST, having risen 1 per cent to a near one-week high earlier
Yellen on Tuesday said pandemic relief would take priority over tax increases
US Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to "act big" on pandemic relief spending
Yellen has told lawmakers that the United States needs to take on Beijing's 'abusive, unfair, and illegal practices'
Yellen said she would work to implement Biden's promise to "oppose any and all the attempts by foreign countries to artificially manipulate currency values to gain an unfair advantage in trade"