Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen

Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of control…

 https://www.theguardian.com/business/2026/apr/15/donald-trump-cut-interest-rates-janet-yellen-us-inflation 

 

Janet Yellen issues warning to Congress as US nears debt limit

The federal debt currently stands at roughly $36tn – which ballooned across Republican and Democratic administrations. And the spike in inflation after the coronavirus pandemic pushed up government borrowing costs such that debt service next year will exceed spending on national security. 

Republicans, who will have full control of the White House, House and Senate in the new year, have big plans to extend Trump's 2017 tax cuts and other priorities but debate over how to pay for them...

https://www.theguardian.com/us-news/2024/dec/27/janet-yellen-congress-debt-ceiling-limit

Sen. Whitehouse Questions Treasury's Janet Yellen in a Finance Committee Hearing

https://www.youtube.com/watch?v=5no5d66Ss-g

Inequality of the Economy: Interviewing Secretary Yellen | The Problem With Jon Stewart

https://www.youtube.com/shorts/X9fU89gj_AA

Biden economy’s resilience fuels Democrats’ 2024 optimism - The Washington Post

In prepared remarks, Yellen rebuked the forecasters who "thought a recession last year was inevitable." She also touted low gas prices, a jump in consumer sentiment, rising wealth relative to pre-pandemic levels, a decline in the gap between rural and urban unemployment, caps on some drug prices, and some other signs of economic improvement. 

"It's been the fairest recovery on record," Yellen said, according to her prepared remarks. "The recovery we've had — instead of one that was weaker or less fair — meant that we avoided financial pain for most middle-class American families."…

https://www.washingtonpost.com/business/2024/01/25/biden-economy-2024-election/

Scoop: Yellen takes aim at Trump's economy as key indicators surge

"In the Trump administration, the idea of doing anything to fix it was a punchline," Yellen will say, according to excerpts obtained by Axios. "But this administration has delivered." …

https://www.axios.com/2024/01/21/janet-yellen-biden-trump-economy

Opinion | Janet Yellen in Kyiv: Economic Aid to Ukraine Is Vital - The New York Times

"Of course, it's essential that we make sure that American taxpayer dollars are used for their intended purpose. Our partners at the World Bank have a long history of working in Ukraine, and they have instituted robust safeguards for accountability and transparency. Funds are released via the World Bank — on a reimbursement basis, with a multitiered accountability system, including independent third-party monitoring, reporting and audit requirements. President Zelensky has pledged to use these funds in the "most responsible way." We welcome this commitment, as well as his longstanding agenda to strengthen good governance in Ukraine."

https://www.nytimes.com/2023/02/27/opinion/janet-yellen-ukraine-russia.html

Republicans Pledge To Oppose Paying Debts They Voted For | HuffPost

… Treasury Secretary Janet Yellen noted that the "vast majority of the debt subject to the debt limit was accrued prior" to President Joe Biden taking office. Yellen has said hitting the debt ceiling would cause "irreparable harm to the U.S. economy and the livelihoods of all Americans." The government could wind up unable to pay bondholders or beneficiaries of programs like Social Security retirement insurance…

https://www.huffpost.com/entry/republicans-debt-limit_n_612d410ee4b06e5d80d085da

Yellen: a 'Shocking' $7 Trillion in Taxes Is Going Uncollected

The Treasury has said the tax gap could worsen if no additional action is taken.

https://www.businessinsider.com/yellen-shocking-7-trillion-in-taxes-uncollected-treasury-federal-government-2021-5

Janet Yellen: Climate change poses ‘existential threat’ to financial markets - POLITICO

"We must also look ahead, at emerging risks. Climate change is obviously the big one."

https://www.politico.com/news/2021/03/31/yellen-climate-change-fsoc-478769

Joe Biden open to mandating paid family leave in future legislation, Janet Yellen says - The Washington Post

President Biden is open to a national mandate for paid family leave and child care as the administration begins to develop a massive infrastructure and jobs bill that could follow the $1.9 trillion relief bill now making its way through Congress, Treasury Secretary Janet Yellen said Sunday.

https://www.washingtonpost.com/us-policy/2021/02/07/yellen-biden-paid-family-leave-legislation/

Republicans Are Upset About The National Debt Again | HuffPost

It might have something to do with Democrats coming to power.

https://www.huffpost.com/entry/republicans-national-debt_n_60074026c5b6ffcab9684d7e

Biden’s economic team set to prepare ambitious recovery plan, challenging Republicans’ renewed debt worries - The Washington Post

...Top Democrats scoff at Republicans' renewed debt fears after years of their support for Trump's budget-busting policies. In 2017, for example, every Republican senator voted in favor of the president's signature tax cut, which added $1.9 trillion to the debt, according to the nonpartisan Committee for a Responsible Federal Budget...
https://www.washingtonpost.com/business/2020/12/01/biden-stimulus-economic-team/

Trump doesn’t ‘grasp’ basic facts about US economic policy: Former Fed chair Janet Yellen - Raw Story

Former Federal Reserve Chair Janet Yellen wasn't renominated to a second term as the head of the U.S. central bank because President Donald Trump wanted to make his own mark on the institution — despite the fact that her replacement holds broadly similar views and she was widely seen as a steady hand at the helm...
https://www.rawstory.com/2019/02/trump-doesnt-grasp-basic-facts-us-economic-policy-former-fed-chair-janet-yellen/

Janet Yellen is worried about the next financial crisis - MarketWatch

Yellen is "disturbed" regulators have no tools to rein in risky corporate debt and leveraged loans and says a significant interest rate increase could lead to big investor losses .....
https://www.marketwatch.com/story/janet-yellen-is-worried-about-the-next-financial-crisis-2018-12-13

The Federal Reserve cracks down on Wells Fargo over scandal involving sham accounts -- The Washington Post

The action comes on Janet L. Yellen's last day as Federal Reserve chair: 'We cannot tolerate pervasive and persistent misconduct at any bank.' ....
https://www.washingtonpost.com/news/business/wp/2018/02/02/federal-reserve-orders-wells-fargo-to-halt-growth-oust-four-board-members-after/

It’s still the Yellen-Obama economy -- Salon

Donald Trump has been eagerly taking credit for the relatively strong economy over his first year in office. Apparently he thinks that people were so inspired by seeing him in the White House that they decided to keep doing what they were doing before he was in the White House. ....
https://www.salon.com/2018/02/07/it-is-still-the-yellen-obama-economy_partner/

Janet Yellen deserves more praise for the economy than Donald Trump | Jill Abramson | Opinion | The Guardian

She is perhaps the most successful Federal Reserve chair in modern history and the first woman to hold the job, yet her contributions are ignored....

https://www.theguardian.com/commentisfree/2018/feb/01/janet-yellen-praise-economy-donald-trump

‘The president clearly set himself up’: Trump’s stock market miscalculation -- POLITICO

After cheering the market's relentless rise, President Trump now faces the reality of its sudden fall. ....
https://www.politico.com/story/2018/02/05/trump-stock-market-down-324880

Will Janet Yellen Burst Trump’s Bubble? (Vanity Fair)

The president and the Federal Reserve chair are on a collision course....
http://www.vanityfair.com/news/2017/03/will-janet-yellen-burst-trumps-bubble