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Treasury Secretary Janet Yellen Thinks Biden COVID Relief Plan Could Lead To Full U.S. Employment By 2022
Treasury Secretary Janet Yellen thinks that President Joe Biden‘s $1.9 trillion relief plan could allow for economic growth that would lead to full U.S. employment by 2022. “We’re in a deep hole with respect to the job market and a long way to dig out,” she told CBS Sunday. Republicans have been quick to attack the Biden plan slamming its high price. Citing Larry Summers, a secretary of treasury under Bill Clinton, Republicans say that the massive Biden proposal could trigger increased inflation in the U.S. Yellen, however, insisted that the recession caused by the COVID-19 pandemic and the jo...
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Janet Yellen, Treasury Secretary Nominee, Outlines Priorities
The King Report January 20, 2021 Issue 6430 After soaring during the Nikkei’s 1 Session, ESHs retreated sharply during the 2 Session. ESHs then chopped sideways until a spurt higher occurred on the NYSE open. This rally lasted one minute. ESHs and US stocks then declined sharply on another successful pump & dump scheme. Q4 2020 hedge fund letters, conferences and more ESHs declined 24 handles from their high until 11:16 ET. The obligatory rally into the European close then materialized. The rally morphed into a Noon Balloon; ESHs and US stocks returned to the highs that were created on the NYS...
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Janet Yellen Wants To Crack Down On Cryptocurrencies
Janet Yellen described cryptocurrencies as “a particular concern” when she spoke to the Senate Finance Committee about her expected nomination as Treasury Secretary. She called on lawmakers to crack down on bitcoin and other cryptocurrencies because she believes they are mostly used to finance illegal activities such as terrorism. Q4 2020 hedge fund letters, conferences and more Janet Yellen calls on lawmakers to “curtail” cryptocurrenciesAccording to Business Insider, Janet Yellen said lawmakers should “curtail” the use of cryptocurrencies because they are “mainly” used for “illicit financing...
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Biden’s Pick Of Yellen Could Herald Even Higher Stock Markets In 2021
Biden’s pick of Janet Yellen as U.S. Treasury Secretary will help see stock markets reach record highs during 2021, predicts the CEO of one of the world’s largest independent financial advisory organizations. Q4 2020 hedge fund letters, conferences and more Joe Biden's Inauguration And Yellen's TestimonyThe bold forecast from Nigel Green, chief executive and founder of deVere Group, which has $12bn under advisement, on the day of Joe Biden’s inauguration as the 46th President of the United States, follows Ms Yellen’s testimony in Congress ahead of her expected appointment. Mr Green observes: “...
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Coronavirus relief funds clawed back from Fed put out of Yellen’s reach
President-elect Joe Biden has chosen former Federal Reserve Chairperson Janet Yellen to be his Treasury secretary, and current Treasury secretary Steven Mnuchin wants to put the rest of the coronavirus relief funds just out of her reach. Mnuchin pulled the plug on $455 billion in unused coronavirus relief funds, clawing it back from the Fed, and Yellen could be expecting to put that money to use when she takes office.Q3 2020 hedge fund letters, conferences and moreCoronavirus relief funds put out of Yellen's reachThe coronavirus funds were earmarked for pandemic-related lending programs under ...
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