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Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20

She added, “It’s important for us to explain why we’re doing things, how it’s delineated, that it’s not an attempt to completely paralyze China’s economy and stop its development.”Despite Ms. […]




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Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)

Mila Adams moved to Utah in May with her husband and toddler son to be closer to family, but they didn’t expect to be living with her husband’s parents nearly […]







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TikTok Seen Moving Toward US Security Deal, but Hurdles Remain

The Biden administration and TikTok have drafted a preliminary agreement to resolve national security concerns posed by the Chinese-owned video app but face hurdles over the terms, as the platform […]




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Seizing Russian Assets to Help Ukraine Sets Off White House Debate

“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 […]




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Yellen Calls on Europe to Boost Ukraine Aid

BRUSSELS — Treasury Secretary Janet L. Yellen urged European nations on Tuesday to step up their spending to support Ukraine as Russia’s attacks on the country’s critical infrastructure showed few […]




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Treasury Secretary Yellen Looks to Get Global Tax Deal Back on Track

“I think the reality of turning a political commitment into binding domestic legislation is a lot more complex,” said Manal Corwin, a Treasury official in the Obama administration who now […]




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How Do Higher Interest Rates Bring Down Inflation?

This kind of communication was less common 30 years ago. But a series of Fed chairs — Alan Greenspan, Ben S. Bernanke and Janet L. Yellen — expanded the practice. […]




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Fed Raises Interest Rate Half a Percentage Point, Largest Increase Since 2000

Deciding how quickly to remove policy support is a fraught exercise. Central bankers are hoping to move decisively enough to arrest the pop in prices without curbing growth so aggressively […]




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S&P Global Places Russia in ‘Selective Default’

S&P Global has placed Russia under a “selective default” rating after the Russian government said last week that it had repaid about $650 million in dollar-denominated debt in rubles.The ratings […]