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FORT WORTH, United States (AFP) — A recession in the US is “not inevitable,” Treasury Secretary Janet Yellen said Thursday, adding that she believes the world’s biggest economy is on the right track in lowering inflation. Her comments come on the heels of a forceful campaign by the US central bank to cool demand this year, walking a tightrope between lowering consumer costs while trying not to tip the economy into a downturn. For now, […]
CHAPEL HILL, United States (AFP) – US President Joe Biden’s push for green energy tax credits will help boost a massive ramp up in private investment that will create jobs and lower energy costs for American families, Treasury Secretary Janet Yellen said Tuesday. Yellen called the administration’s plan “the most aggressive action that we’ve ever taken to address the climate crisis.” She traveled to North Carolina to tour a solar plant and tout policies included […]
WASHINGTON, D.C., United States (AFP) – The US Treasury announced Wednesday it will study how climate change is affecting communities and households in the United States. The department’s Financial Literacy and Education Commission will look into “how households, communities, and the smallest businesses experience financial resilience in the face of climate change and climate transition,” Treasury said in a statement. It will also focus on “how to map climate-related financial risks, and identify which groups […]
