Quotes from the news wire:
I do think there’s a path to bring down inflation while maintaining what I think all of us would regard is a strong labor market, and the evidence that I’m seeing suggests we are on that path.
Found on CNN 1 year ago
Are there risks? Of course. I don’t want to downplay the risks here, but I do think that’s possible. we’re seeing those supply chain bottlenecks that boosted inflation, they’re beginning to resolve.
Found on CNN 1 year ago
That’s a responsibility that I think the global community expects Russia to bear, this is something we’re discussing with our partners, but there are legal constraints on what we can do with frozen Russian assets.
Found on CNN 1 year ago
We’re seeing those supply chain bottlenecks that boosted inflation, they’re beginning to resolve.
Found on CNN 1 year ago
It could upend the lives of millions of Americans and those around the world.
Found on CNN 1 year ago
We’ve requested increases to be able to do that, especially given the role that the Department plays in imposing sanctions, we are a target of a serious number of cyberattacks and we are investing very heavily in cybersecurity to meet very high standards.
Found on CNN 1 year ago
When it comes to data, we’re seeing an increasing number of cases that do present risks around this issue of the type that have been mentioned in connection with TikTok.
Found on CNN 1 year ago
We are ready and prepared to take the steps that are necessary to ensure depositors that the banking system and their deposits are safe.
Found on CNN 1 year ago
The government, on average, makes millions of payments each day, and our systems are built to pay all of our bills on time and not to pick and choose which bills to pay, it would be an exceptionally risky, untested and radical departure from normal payment practices of agencies across the federal government.
Found on CNN 1 year ago
Prioritization is effectively a default by just another name.
Found on CNN 1 year ago
It’s simply a recipe for economic and financial catastrophe to think we can pay some of our bills and not all of them.
Found on CNN 1 year ago
I do believe we have a very strong and resilient banking system and all of us need to shore up the confidence of depositors that that’s the case.
Found on CNN 1 year ago
Shareholders and debt holders are not being protected by the government. Importantly, no taxpayer money is being used or put at risk with this action.
Found on CNN 1 year ago
Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we’re certainly not looking (to do that), and the reforms that have been put in place means that we’re not going to do that again.
Found on CNN 1 year ago
Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out … and the reforms that have been put in place means that we’re not going to do that again, but we are concerned about depositors and are focused on trying to meet their needs.
Found on CNN 1 year ago
We’re well aware that many startup firms have deposits and venture capital firms have deposits at this bank that have been affected by its failure, so this is something we’re working to try to resolve.
Found on CNN 1 year ago
Mahsa Amini was a courageous woman whose death in Morality Police custody was yet another act of brutality by the Iranian regime's security forces against its own people, we condemn this unconscionable act in the strongest terms and call on the Iranian government to end its violence against women and its ongoing violent crackdown on free expression and assembly.
Found on CNN 1 year ago
Today's action to sanction Iran's Morality Police and senior Iranian security officials responsible for this oppression demonstrates the Biden - Harris Administration's clear commitment to stand up for human rights, and the rights of women, in Iran and globally.
Found on CNN 1 year ago
We must redouble our efforts to decarbonize our economies.
Found on FOX News 1 year ago
I think that the discomfort that households feel, it's not because of the labor market, some may worry that the... labor market will weaken, but I think the biggest burden that's weighing on household sentiment is inflation.
Found on CNN 1 year ago
This is not an economy that's in recession, but we're in a period of transition in which growth is slowing.
Found on CNN 1 year ago
Some reductions may be warranted, it could help to bring down prices of things that people buy that are burdensome. I want to make clear I honestly don't think tariff policy is a panacea with respect to inflation.
Found on CNN 1 year ago
I think I was wrong then about the path that inflation would take, as I mentioned there have been unanticipated and large shocks to the economy that have boosted energy and food prices and um, supply bottlenecks that have affected our economy badly that I didn’t, at the time, understand.
Found on FOX News 1 year ago
Putin's war in Ukraine is having impacts on energy and food prices globally, we are not the only country experiencing inflation. You can see that in virtually every developed country around the world.
Found on CNN 1 year ago
Energy and gasoline prices, while very high, they would be higher without that.
Found on CNN 1 year ago
We are part of global oil markets that are subject to geopolitical influences. Given the global nature of these markets, it's virtually impossible for us to insulate ourselves from shocks like the ones that are occurring in Russia that move global oil prices.
Found on CNN 1 year ago
I believe there's a lot that Congress can do to ease the cost burdens that households are experiencing.
Found on CNN 1 year ago
I think I was wrong then about the path that inflation would take.
Found on FOX News 1 year ago
Well, look, I think I was wrong then about the path that inflation would take.
Found on CNN 1 year ago
I think it's very natural that given the enormous destruction in Ukraine and huge rebuilding costs that they will face, that we will look to Russia to help pay at least a portion of the price that will be involved.
Found on CNN 1 year ago
Roe v. Wade and access to reproductive health care, including abortion, helped lead to increased labor force participation, it enabled many women to finish school. That increased their earning potential. It allowed women to plan and balance their families and careers.
Found on CNN 1 year ago
I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades.
Found on CNN 1 year ago
It means the child will grow up in poverty and do worse themselves.
Found on CNN 1 year ago
Russia's actions represent an unacceptable affront to the rules-based, global order, and will have enormous economic repercussions in Ukraine and beyond.
Found on CNN 2 years ago
At this point, we are not seeing Russia back off the horrific war they started, an unprovoked invasion of the Ukrainian homeland, in fact, the atrocities they are committing against civilians seem to be intensifying. So, it's certainly appropriate for us to be working with our allies to consider further sanctions.
Found on CNN 2 years ago
Inflation is a problem, and it's one that we need to address, but I don't expect a recession in the The US.
Found on CNN 2 years ago
Each time we redesign our currency, we have the chance to say something about our country -- what we value, and how we've progressed as a society, i'm very proud that these coins celebrate the contributions of some of America's most remarkable women, including Maya Angelou.
Found on CNN 2 years ago
It's something that's important, that we're monitoring closely.
Found on CNN 2 years ago
China's a real estate sector with firms that are over-leveraged and it's something that China is trying to deal with.
Found on CNN 2 years ago
In the 1970s, a series of supply shocks became a longer run problem... that partly occurred because policy makers weren't trusted by the public to deal effectively with inflation.
Found on CNN 2 years ago
I'm hopeful, and I fully expect that it will become law and we will then be in compliance with the global minimum tax.
Found on CNN 2 years ago
I think they’re going to be telling members of Congress that they like this agreement and they can live with it, when you have businesses supportive, rather than lobbying against something, I think that will be helpful.
Found on Reuters 2 years ago
There’s real economic activity that goes on in Ireland. It’s not just a tax haven, i think Ireland will still be in a very favorable position.
Found on Reuters 2 years ago
Our trade representative has said that we would consider additional tariffs reductions, we want to see China meet their commitments they made under Phase 1, but stabilizing and perhaps eventually lowering some tariffs in a reciprocal way could be a desirable outcome.
Found on Reuters 2 years ago
It would help get at capital gains, which are an extraordinarily large part of the incomes of the wealthiest individuals, and right now escape taxation until they're realized.
Found on CNN 2 years ago
I would say that during his term, and during my term and (Ben) Bernanke’s term, regulation of financial institutions has been markedly strengthened.
Found on Reuters 2 years ago
I don’t think we’re about to lose control of inflation, on a 12-month basis, the inflation rate will remain high into next year because of what’s already happened. But I expect improvement by the middle to end of next year - second half of next year.
Found on Reuters 2 years ago
On a 12-month basis, the inflation rate will remain high into next year because of what’s already happened. But I expect improvement by the middle to end of next year - second half of next year.
Found on Reuters 2 years ago
I personally believe this is a responsibility that Republicans and Democrats should share, that it's something that both parties should do together, it's a housekeeping matter, doing what's necessary to pay our bills. I have confidence it will get done, but I will leave it to the Speaker and to Leader( Chuck) Schumer to figure out what the best way is forward on that.
Found on CNN 2 years ago
Once Congress and the administration have decided on spending plans and tax plans, it’s simply their responsibility to pay the bills that result from that.
Found on Reuters 2 years ago
Banks already report directly to the IRS the interest that they pay on accounts when it exceeds $ 10, and this is not a proposal to provide detailed, transaction-level data by banks to the IRS.
Found on CNN 2 years ago
It's led to a series of politically dangerous conflicts that have caused Americans and global markets to question whether or not America is serious about paying its bills, it's an impossible situation. Congress needs to debate these issues when they're deciding on spending and taxation, not to, every several years, put a hard stop and say,' Well, now we're not going to let the Treasury Secretary pay the nation's bills,'.
Found on CNN 2 years ago
We're simply in an impossible situation in which it will be impossible for Treasury on that day, or a few days thereafter... We'll have very limited resources, it will be run down quickly. We won't be able to pay all of the government's bills.
Found on CNN 2 years ago
It would be catastrophic for the economy and for individual families, nearly 50 million seniors could stop receiving Social Security payments or receive them delayed.
Found on CNN 2 years ago
Nearly 50 million seniors could stop receiving Social Security payments or receive them delayed.
Found on CNN 2 years ago
At that point, we expect Treasury would be left with very limited resources that would be depleted quickly, it is uncertain whether we could continue to meet all the nation’s commitments after that date.
Found on Reuters 2 years ago
While our economy continues to expand and recapture a substantial share of the jobs lost during 2020, significant challenges from the Delta variant continue to suppress the speed of the recovery and present substantial barriers to a vibrant economy, still, I remain optimistic about the medium-term trajectory of our economy, and I expect we will return to full employment next year.
Found on Reuters 2 years ago
It is uncertain whether we could continue to meet all the nation’s commitments after that date.
Found on Reuters 2 years ago
My largest concern is not' what are the risks if we make these investments ?' It is' what is the cost if we don't ?' we have a chance now to repair the broken foundations of our economy, and on top of it build something fairer and stronger than what came before.
Found on CNN 2 years ago
It’s a very different phenomenon but I do worry about affordability and the pressures, higher housing prices will create for families that are first time homebuyers.
Found on Reuters 2 years ago
For the first time in our nation's history, American working families are receiving monthly tax relief payments to help pay for essentials like doctor's visits, school supplies, and groceries, this major middle-class tax relief and step in reducing child poverty is a remarkable economic victory for United States of America -- and also a moral one.
Found on CNN 2 years ago
For the first time in our nation's history, American working families are receiving monthly tax relief payments to help pay for essentials like doctor's visits, school supplies, and groceries, this major middle-class tax relief and step in reducing child poverty is a remarkable economic victory for America -- and also a moral one.
Found on CNN 2 years ago
I plan to shortly convene the heads of the MDBs to articulate our expectations that the MDBs align their portfolios with the Paris Agreement and net-zero goals as urgently as possible, we also expect them to take steps to more effectively mobilize private capital so that developing countries can increasingly benefit from private sector pledges to support climate-aligned and sustainable investments.
Found on Reuters 2 years ago
We also expect them to take steps to more effectively mobilize private capital so that developing countries can increasingly benefit from private sector pledges to support climate-aligned and sustainable investments.
Found on Reuters 2 years ago
We’ll be trying to do that, but I should emphasise it’s not essential that every country be on board.
Found on Reuters 2 years ago
All I can really tell you is that the debt ceiling comes back into effect on July 31, and there are a series of so-called ‘extraordinary measures’ that are ordinary in the sense that they’ve been used many times in the past, but it’s exceptionally challenging this time to try to figure out just how long those measures are going to last, in part because of higher and more volatile spending in revenue numbers associated with the state of the economy and the pandemic.
Found on FOX News 2 years ago
Over the last three years, corporate tax collections have fallen to their lowest level in my lifetime -- 1 % in GDP.
Found on CNN 2 years ago
It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat.
Found on CNN 2 years ago
I don't think there's going to be an inflationary problem, but if there is, Federal Reserve can be counted on to address [ Federal Reserve ].
Found on CNN 2 years ago
It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat, even though the additional spending is relatively small relative to the size of the economy, it could cause some very modest increases in interest rates to get that reallocation, but these are investments our economy needs to be competitive and to be productive (and) I think that our economy will grow faster because of them.
Found on Reuters 2 years ago
If anybody appreciates the independence of the Fed, I think that person is me, i don’t think there’s going to be an inflationary problem. But if there is the Fed will be counted on to address them.
Found on Reuters 2 years ago
The greatest threat to our economic recovery -- and our long-term economic prospects -- is not a marginally higher tax rate for large corporations or the top 1 % of taxpayers, it's a lack of support for America's workers and families.
Found on CNN 2 years ago
Asking' will these tax increases hurt the economy ?' is not the right question, the right question is :' Is trading higher taxes on high-income taxpayers for middle-class tax cuts and major economic investments pro-growth ?' And the answer to that question is a resounding yes.
Found on CNN 2 years ago
Treasury is working tirelessly to address efforts by foreign economies to artificially manipulate their currency values that put American workers at an unfair disadvantage.
Found on Reuters 3 years ago
We're working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom. Together, we can use global minimum tax to make sure that the global economy thrives, based on a more level playing field in the taxation of multinational corporations and spurs innovation, growth and prosperity, competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids.
Found on CNN 3 years ago
Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids.
Found on CNN 3 years ago
Together, we can use global minimum tax to make sure that the global economy thrives, based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth and prosperity.
Found on CNN 3 years ago
We really need to understand exactly what happened and the Securities and Exchange Commission (SEC) is working hard to assemble a report that gives us the facts, and when we have them we can look at whether or not there were issues that need to be addressed through new policy or regulations.
Found on Reuters 3 years ago
The exact details of how it should be targeted are to be determined, but struggling middle class families need help.
Found on Reuters 3 years ago
President (Joe) Biden is certainly willing to work with members of Congress to define what’s fair and he wouldn’t want to see a household making over $300,000 receive these payments.
Found on Reuters 3 years ago
I would expect that if this package is passed that we would get back to full employment next year.
Found on CNN 3 years ago
During the early days of the pandemic African-Americans were the first to lose their small businesses. They were the first to lose their jobs, and we’ve seen early data that suggest Black workers will be the last rehired when the economy opens back up.
Found on Reuters 3 years ago
And we’ve seen early data that suggest Black workers will be the last rehired when the economy opens back up.
Found on Reuters 3 years ago
Secretary Yellen believes it is imperative to uphold the integrity of these markets and ensure investor protection.
Found on Reuters 3 years ago
We never had anything so large even during the Great Recession. We need to make sure people have jobs, if they don’t have jobs, that they’re supported.
Found on Reuters 3 years ago
Last year, the economy shrunk more than any other since the end of World War II. With the growth that the CBO projects, it will be years before the country reaches full employment again.
Found on Reuters 3 years ago
We care about not just output, but jobs and getting back to work, that's not strong enough to prevent scarring. Biden's plan will create enough jobs to get back faster. We're in a deep ditch and we need to get out quickly, not wait years and years.
Found on CNN 3 years ago
The United States does not seek a weaker currency to gain competitive advantage and we should oppose attempts by other countries to do so.
Found on Reuters 3 years ago
Well before Covid-19 infected a single American, we were living in a K-shaped economy, one where wealth built on wealth while working families fell further and further behind.
Found on CNN 3 years ago
The pandemic has caused widespread devastation, the damage has been sweeping, and... our response must be, too.
Found on CNN 3 years ago
I will be focused from day one on providing support to America's workers and to small business, putting into effect as quickly and efficiently as I can the relief in the bill that was already passed and then, over time, working for a second package that I think we need to get through these dark times before the vaccination program enables us to go back to life as we knew it.
Found on CNN 3 years ago
China is undercutting American companies by dumping products, erecting trade barriers, and giving away subsidies to corporations.
Found on CNN 3 years ago
Neither the president-elect, nor I, propose this relief package without an appreciation for the country’s debt burden. But right now, with interest rates at historic lows, the smartest thing we can do is act big, i believe the benefits will far outweigh the costs, especially if we care about helping people who have been struggling for a very long time.
Found on Reuters 3 years ago
I believe the benefits will far outweigh the costs, especially if we care about helping people who have been struggling for a very long time.
Found on Reuters 3 years ago
The pandemic has caused widespread devastation, the damage has been sweeping, and as the President-elect said last Thursday, our response must be, too.
Found on CNN 3 years ago
I pledge as treasury secretary to work every day towards rebuilding their dream for all Americans, to the American people, we will be an institution that wakes up every morning thinking about you, your jobs, your paychecks, your struggles, your hopes, your dignity and your limitless potential.
Found on Reuters 3 years ago
It’s an American tragedy and it’s essential that we move with urgency. Inaction will produce a self-reinforcing downturn, causing yet more devastation.
Found on Reuters 3 years ago
It seemed the Fed paused and that seems like a good example of this kind of realistic feedback.
Found on Reuters 3 years ago
Obviously The President has the right to comment on the The Federal Reserve, but I would worry that if it continues or intensifies, it could undermine confidence in The Federal Reserve.
Found on CNN 5 years ago
I really think it is not a desirable thing for a president to comment so explicitly on The Fed policy, obviously, presidents can speak out if they choose to and give their opinions about policy, there's no law against that, but I don't think it's wise and I do think The Fed has a strong reputation for acting in an independent and non-political way and I would not like to see that reputation damaged.
Found on CNN 5 years ago
On balance that’s led and I think it will continue to lead to growth that is somewhat above trend and on a continuing path of labor market improvement.
Found on Reuters 8 years ago
Such an abrupt tightening would risk disrupting financial markets and perhaps even inadvertently push the economy into recession.
Found on FOX News 8 years ago
When the Committee begins to normalize the stance of policy, doing so will be a testament ... to how far our economy has come, in that sense, it is a day that I expect we all are looking forward to.
Found on Reuters 8 years ago
An abrupt tightening would risk disrupting financial markets and perhaps even inadvertently push the economy into recession.
Found on Reuters 8 years ago
An advantage to beginning a little bit earlier is that we might have a more gradual path.
Found on Reuters 8 years ago
Economic conditions are anticipated to evolve in a manner that will only require gradual increases in the federal funds rate.
Found on Reuters 8 years ago
We’re trying to ... communicate as clearly (as possible) about our monetary policy so we don’t take markets by surprise.
Found on Reuters 8 years ago
We could see a sharp jump in long-term rates. So we're trying to ... communicate as clearly about our monetary policy so we don't take markets by surprise.
Found on Reuters 8 years ago
Nothing Medley Global Advisors reported in October ... could have been conveyed in June, and let me assure you that, in any case, I did not convey any confidential information.
Found on Reuters 8 years ago
We'll certainly cooperate and try to provide them the information that they seek.
Found on CNN 9 years ago
Global experience shows that giving central banks independenc e to make monetary policy decisions that they think are in the best interests of the country and consistent with their mandates leads to lower inflation and more stable macroeconomic outcomes.
Found on CNN 9 years ago
The economic and financial news has been grim, things are now so bad that I actually open the Greenbook with greater trepidation than my 401(k).
Found on Reuters 9 years ago
I certainly hope that (the GAO exemption) will continue and I will try to forcefully make the case to why it is important.
Found on Reuters 9 years ago
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