janet yellen

Yellen: US Labor Market Has Become ‘More Normal’
Yellen: US Labor Market Has Become ‘More Normal’
June 13, 2024  |  Economy

America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. Speaking to CNBC Thursday (June 13), Yellen also noted that cooling...

READ MORE >
Treasury Seeks Comments on ‘Responsible Innovation’ Using AI in Financial Services
Treasury Seeks Comments on ‘Responsible Innovation’ Using AI in Financial Services
June 06, 2024  |  artificial intelligence

The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a...

READ MORE >
Treasury Secretary Janet Yellen to Detail Risks Associated With AI
Treasury Secretary Janet Yellen to Detail Risks Associated With AI
June 05, 2024  |  artificial intelligence

Treasury Secretary Janet Yellen will caution financial institutions on Thursday (June 6) about risks associated with the use of artificial intelligence (AI). While AI is...

READ MORE >
Treasury Secretary Janet Yellen Says Many Americans Concerned About High Costs
Treasury Secretary Janet Yellen Says Many Americans Concerned About High Costs
May 24, 2024  |  Economy

The high cost of essentials like food, rent and mortgages are weighing on many American consumers, Treasury Secretary Janet Yellen said Thursday (May 23). Yellen said the price increases...

READ MORE >
Will Specter of Public Runs and More Regulation Blunt Stablecoins’ Use in Commerce?
Will Specter of Public Runs and More Regulation Blunt Stablecoins’ Use in Commerce?
February 07, 2024  |  Cryptocurrency

Stablecoins need more regulation. Stablecoins might, in some cases, cause runs. And as government officials and financial institutions (through the Bank for International Settlements) sound...

READ MORE >
Yellen Predicts More Bank Mergers This Year
Yellen Predicts More Bank Mergers This Year
June 25, 2023  |  Banking

Rising interest rates and a recent banking crisis could lead more lenders to merge this year. That’s according to U.S. Treasury Secretary Janet Yellen, who...

READ MORE >
Lawmakers Demand FinCEN Educate Businesses on Beneficial Ownership Reporting Requirements
Lawmakers Demand FinCEN Educate Businesses on Beneficial Ownership Reporting Requirements
June 08, 2023  |  Regulation

Lawmakers are demanding greater clarity on FinCEN’s forthcoming beneficial ownership reporting requirements. In a Wednesday (June 7) letter to Financial Crimes Enforcement Network (FinCEN) Acting Director Himamauli Das and U.S. Treasury Secretary Janet Yellen,...

READ MORE >
Yellen Warns Banks Could Pull Back on Lending
Yellen Warns Banks Could Pull Back on Lending
April 16, 2023  |  Banking

America’s treasury secretary is warning of a tougher lending environment following two recent bank failures. In a Sunday (April 16) CNN interview, Janet Yellen said...

READ MORE >
Yellen Says US Must Address Vulnerabilities in ‘Shadow Banking’
Yellen Says US Must Address Vulnerabilities in ‘Shadow Banking’
March 30, 2023  |  Digital-First Banking

U.S. Treasury Secretary Janet Yellen wants more oversight for the nonbank sector. In remarks to the National Association for Business Economics annual conference Thursday (March 30), Yellen addressed the...

READ MORE >