US Treasury Secy Janet Yellen said Washington and Seoul should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage calling out China by name.
A senior Treasury official said India had made no promises on the oil price cap, but was working with the United States and had not "expressed hostility to this idea".
Yellen, speaking at a meeting of G20 finance officials in Indonesia, said countries should target fiscal support measures to help those most in need
China's envoy to trade war talks with Washington expressed concern about US tariffs on Chinese imports during a phone call with Treasury Secretary Janet Yellen, the Ministry of Commerce announced
Yellen said that research suggested that there was likely a higher pass-through rate for cutting higher state fuel taxes than the generally lower federal taxes
She did not list any specific tariffs and declined to say when the Biden administration may make a decision
The gathering, chaired by British finance minister Rishi Sunak, is the first time the ministers have met face-to-face since the start of the coronavirus pandemic
Minimum global corporate tax rate solves many problems
The opposition from Republicans may push President Joe Biden to attempt to use budget procedures to pass the initiatives with only Democratic votes
Treasury Secretary Janet Yellen acknowledged that she and Fed chair Jerome Powell could have used a better word than transitory when describing the expected run of inflation in the US economy
US Treasury Secy said she saw bulk of inflation being caused by supply and demand mismatches, including excessive demand for goods over services during the pandemic and severe supply chain disruptions
The book, "Empathy Economics" by veteran Washington journalist Owen Ullmann, is due out Sept. 27
US Treasury Secretary Janet Yellen said that she was wrong in the past about the path inflation would take, but said taming price hikes is President Joe Biden's top priority
We have a common interest in incentivizing China to refrain from economic practices that have disadvantaged all of us," Yellen said in a speech to the Brussels Economic Forum.
Eliminating the right to access abortion services "would have very damaging effects on the economy and would set women back decades," Yellen told lawmakers during a Senate Banking Committee hearing
"The Fed will need to be skillful and also lucky, but I believe it's a combination that is possible," Yellen said
A number of economists have predicted a recession in 2023 as the Fed ramps up interest rates
Some ministers and central bank governors who attended the meeting virtually turned their cameras off when the Russia representative spoke, an official familiar with the meetings said
On Tuesday, Yellen will convene a panel of finance ministers, the international development banks and other institutions to talk about how they will use resources to address food insecurity
Treasury Secretary Janet Yellen plans to meet with Ukrainian Prime Minister Denys Shmyhal during this week's big meetings of global economic leaders in Washington