Janet yallen

“The U.S. dollar index is trading flat this morning in Asian trade against major peers. Markets will look ahead to the testimony of U.S. Treasury Secretary nominee Janet Yellen later in the day,” Reliance Securities said in a research note. … [Read more...] about Rupee rises 13 paise to 73.15 against U.S. dollar in early trade

The race against the virus that causes Covid-19 has taken a new turn: Mutations are rapidly popping up, and the longer it takes to vaccinate people, the more likely it is that a variant that can elude current tests, treatments and vaccines could emerge.The coronavirus is becoming more genetically diverse, and health officials say the high rate of new cases is the main reason. Each new infection gives the virus a chance to mutate as it makes copies of itself, threatening to undo the progress made so far to control the pandemic.On Friday, the World Health Organization urged more effort to detect new variants. The U.S. Centers for Disease Control and Prevention said a new version first identified in the United Kingdom may become dominant in the U.S. by March. Although it doesn't cause more severe illness, it will lead to more hospitalizations and deaths just because it spreads much more easily, said the CDC, warning of "a new phase of exponential growth.""We're taking it really very … [Read more...] about A new Covid-19 challenge: Mutations rise along with cases

Putting his national security team in place quickly is a high priority for Mr. Biden, not only because of his hopes for reversing or modifying Trump administration policy shifts but also because of diplomatic, military and intelligence problems around the world that may create challenges early in his tenure. … [Read more...] about Joe Biden’s national security Cabinet nominees face Senate tests

"Economists don't always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now - and long-term scarring of the economy later," Yellen said at her confirmation hearing virtually held by the Senate Finance Committee. … [Read more...] about U.S. stocks rise amid stimulus hopes, earnings

If confirmed by the Senate, Yellen would be the first woman to serve as U.S. treasury secretary in the department's 231 years of history. She would also be the first person to have served as treasury secretary, chair of the Council of Economic Advisors, and chair of the Federal Reserve. Enditem … [Read more...] about Yellen urges Congress to pass new COVID-19 relief package as recovery stalls amid surging cases