Yellen said she agreed that the 2017 corporate tax cut had improved the competitiveness of American businesses, and Biden was not proposing to raising corporate taxes to the pre-2017 level
The Senate Finance Committee's 10 am hearing Tuesday is likely to feature topics from foreign-exchange policy to taxes
Wall Street opens higher ahead of Yellen speech; spotlight on earnings
The Treasury secretary nominee will make clear at a Senate confirmation hearing that the United States does not seek a weaker dollar
The global setting is perfect for equities, but investors should have one eye on factors that could rattle the markets
This three-part series looks at how the US president-elect's squad could influence relations between the two countries
The Biden team is poised to include alumni of finance, venture capital, private equity and asset management
First on the agenda will be recovery from the pandemic. With multiple vaccines in sight, the immediate task is to build a bridge from here to the post-crisis economy
The United States is facing economic crises again and it is essential to move with urgency, Treasury Secretary-nominee Janet Yellen said
In Yellen, Biden will have a battle-tested policy maker who can draw on her nearly two decades at the Fed to help rebuild an economy in dire need of government cash and confidence
Key official designates President-elect Joe Biden as the apparent winner
Yellen is seen returning clarity on the U.S. strong-dollar policy, stabilizing the $6.6-trillion-a-day currency market that's the backbone of global finance and commerce
Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789
Most of the discontent with capitalism in the US stems from inequality and the stagnation of wages, which dates back to the 1980s and can be traced broadly to automation and globalization, Yellen said
Yellen's term as Fed chair will expire on February 3
Stock indexes, bond yields and the dollar were all higher in initial trading
Yellen said she would "do my utmost" to make sure of a smooth transition to Jerome Powell, who was tapped by Trump on November 2 to become the next Fed leader
Yellen and her predecessor Ben Bernanke were heavily criticised by Republicans in Congress for bloating the Fed's balance sheet with $3.5 trillion in Treasuries and mortgage-backed securities
The US central bank voted to hold interest rates steady at its last policy meeting in September
US central bank voted to hold interest rates steady at its last policy meeting in September