Janet Yellen Archives

IRS Warns Americans: Report $600 Transactions from Payment Processors or Risk Audit

The Internal Revenue Service (IRS) is warning American taxpayers that failure to report transactions of $600 or more from payment processing services will run the risk of an audit. The IRS is cracking down on payments made through networks like Venmo, Paypal, and Cash App. The move comes as the…

Biden Admin Mulling Investigation into Elon Musk’s Twitter Purchase

Democrat President Joe Biden's administration is reportedly mulling launching an investigation into Elon Musk's purchase of Twitter. According to a report by The Washington Post, Biden's Treasury Department is weighing whether or not it has the authority to launch an investigation into the deal. The Washington Post cites anonymous sources…

Yellen Admits Inflation Could Get Worse but Has ‘Confidence’ It’ll Get Better, Eventually

Treasury Secretary Janet Yellen has admitted that inflation could get worse but insists that she has "confidence" that price pressures will ease “over the next year or two.” Yellen made the remarks during a Monday interview on NBC News. She said there are “good indications” that inflation will eventually drop…

Janet Yellen: America Needs ‘Some Good Luck’ to Avoid Hard-Landing into Recession

Democrat President Joe Biden's Treasury Secretary Janet Yellen has stated that America needs "some good luck" if the economy is to avoid hard-landing into a recession. Speaking during an interview with CNN on Sunday, Yellen failed to inspire confidence that the Federal Reserve is going to steer the United States…

Janet Yellen Denies US Economy Is in Recession despite Recessionary GDP Numbers

Treasury Secretary Janet Yellen has doubled down on the Biden administration’s view that America’s economy has not, in fact, fallen into a recession, despite the White House's own economic data proving otherwise. On Thursday, the Bureau of Economic Analysis (BEA) released data showing the U.S. economy met the rule-of-thumb definition…

Janet Yellen Admits Biden’s Spending ‘Did Feed’ Inflation

Treasury Secretary Janet Yellen has admitted that Democrat President Joe Biden’s $1.9 trillion American Rescue Plan "did" contribute to inflation. Speaking during a Wednesday interview with The Wall Street Journal's editor-in-chief Matt Murray, the former head of the Federal Reserve conceded that the White House’s enormous spending had played a…