MTS Help Center

Omicron could pose 'significant' threat to global economy, Yellen says

The Omicron variant of COVID-19 could slow global economic growth by exacerbating supply chain problems and depressing demand, U.S. Treasury Secretary Janet Yellen told the Reuters Next conference on Thursday.

Yellen cited a great deal of uncertainty about the impact of the highly contagious variant, first detected in South Africa, given the severe U.S. economic slowdown caused by the emergence of the Delta variant of COVID-19 earlier this year.

Yellen says mind not made up on U.S. central bank digital currency

U.S. Treasury Secretary Janet Yellen said on Thursday she has not formed a view on whether the Federal Reserve should create a digital version of the dollar, but such a move would require broad consensus among Congress, the U.S. central bank and the White House.

Yellen said during a Reuters Next conference interview that the advantages and disadvantages of a central bank digital currency needed further study, including its effects on the banking system.

Treasury's Yellen enjoying her job, has no plans to leave

U.S. Treasury Secretary Janet Yellen told the Reuters Next conference on Thursday that she had no plans to leave her job any time soon and that she is "enjoying it very much."

Reference: Reuters