Janet Yellen
U.S. Government: Agencies/Departments/Divisions | Federal Agencies
Recent News About Janet Yellen
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The International Monetary and Financial Committee (IMFC) recently held its annual meeting, marking the 80th anniversary of the Bretton Woods institutions. During this event, U.S. Treasury Secretary Janet L. Yellen emphasized the significant achievements of the International Monetary Fund (IMF) over the past decades and highlighted ongoing challenges.
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The Price Cap Coalition, comprising G7 countries along with the European Union, Australia, and New Zealand, has issued an updated advisory for the global maritime industry. This advisory is aimed at both government and private sector actors involved in maritime activities. The update focuses on best practices to promote responsible operations, disrupt sanctioned trade, and enhance compliance with existing price caps.
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U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) on October 18, 2024, at the U.S. Department of the Treasury. The meeting was held in executive session.
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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on three entities and one individual involved in the production of Russia's Garpiya series long-range attack unmanned aerial vehicles (UAVs). These drones, which have been used in Russia's ongoing conflict with Ukraine, are designed by experts based in the People's Republic of China (PRC) and manufactured at factories in China before being transferred to Russia.
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This week, the U.S. Department of the Treasury convened a roundtable to explore how financial institutions can enhance their support for Tribal Nations in accessing capital. The event brought together various stakeholders from the Tribal finance ecosystem, including representatives from Tribal governments, financial technology firms, consumer advocacy groups, government agencies, and financial institutions.
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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on 18 companies, individuals, and vessels connected to Sa’id al-Jamal, a financial official linked to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and supporting Houthi operations. The entities involved are accused of facilitating illicit oil shipments that fund Houthi attacks in the region.
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In a recent address at the Council on Foreign Relations, Treasury Secretary Janet L. Yellen outlined the Biden-Harris Administration's international economic policy. The speech focused on how this policy aligns with domestic goals to benefit American businesses and families.
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The U.S. Department of the Treasury has published its Treasury International Capital (TIC) data for August 2024, revealing a net TIC inflow of $79.2 billion. This figure includes net foreign private inflows of $79.7 billion and net foreign official outflows of $0.6 billion.
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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated three individuals and four companies linked to a Lebanon-based network that supports Hizballah financially. This network is accused of generating substantial revenue for Hizballah through sanctions evasion tactics, including commercial projects in Lebanon facilitated by Iran.
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In a joint effort with Canada, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated the Samidoun Palestinian Prisoner Solidarity Network as an international fundraiser for the Popular Front for the Liberation of Palestine (PFLP), a terrorist organization. The PFLP was classified as a Foreign Terrorist Organization by the U.S. Department of State in 1997 and as a Specially Designated Global Terrorist in 2001. Samidoun, along with Khaled Barakat, a member of PFLP's leadership, plays significant roles in fundraising activities for the group.
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The United States has expanded its sanctions on Iran's petroleum and petrochemical sectors in response to an attack on Israel by Iran on October 1. This marks the second direct attack on Israel by Iran this year. The expansion of sanctions aims to increase financial pressure on Iran, limiting its ability to earn energy revenues that could be used for destabilizing activities in the region.
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The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) has announced a significant milestone in its Bond Guarantee Program, with three guarantees amounting to $498 million. This marks the largest issuance in the program's history, which aims to provide long-term, fixed-rate capital for projects in low-income communities across urban, rural, and Native areas.
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Today, the U.S. Department of the Treasury released a fact sheet highlighting investments in the Latino community. This announcement comes during Hispanic Heritage Month and underscores the contributions of Latinos to the U.S. economy, along with benefits from President Biden's economic agenda for Latino families and businesses.
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On October 7, 2024, the U.S. Department of the Treasury organized an event in Washington to explore how the State Small Business Credit Initiative (SSBCI) can support community development financial institutions (CDFIs). The gathering included state government representatives, nonprofit groups, and other stakeholders.
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The U.S. Department of the Treasury has unveiled the complete list of awardees for the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). This $75 million competitive grant program is part of the Biden-Harris Administration's effort to boost small business growth, particularly focusing on underserved and very small businesses. The initiative aims to connect these businesses with financing opportunities in key sectors such as electric vehicle manufacturing, semiconductor production, construction, transportation, and...
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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Algoney Hamdan Daglo Musa, a key figure in Sudan's Rapid Support Forces (RSF), under Executive Order 14098. Algoney is recognized for his role in supplying weapons to sustain the ongoing conflict between the Sudanese Armed Forces and RSF, which has resulted in significant casualties and displacement.