Janet Yellen News

EU Balks at U.S. Plan to Use Insurance to Cap Russian Oil Prices

European officials are skeptical of a U.S. push to set a price cap on Russian oil by potentially easing an EU ban on insurance for the transportation of crude and petroleum products from Russia, according to people familiar with matter. …

‘Stay Tuned’ for Word on Russian Oil Price-Cap Plan, Says Yellen

Treasury Secretary Janet Yellen said talks are continuing on how the US and its allies might cap the price of Russian oil exports, possibly through a plan that offers exceptions to the European ban on insuring Russian oil shipments. “We …

Treasury Secretary Yellen Says ‘Systemic’ Tag May Not be Right for Asset Managers

Treasury Secretary Janet Yellen said on Wednesday it is important to “look carefully” at systemic risks posed by asset managers, including BlackRock Inc., but said designating them as systematically important financial institutions may not be the right approach. Yellen’s remarks …

Federal Reserve Chair Yellen Defends Role in International Regulation

Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in the early stages of Donald Trump’s presidency, said in a letter the Fed has the authority and responsibility to consult …

Fed Chair Nominee Yellen Vows to ‘Carefully Consider’ SIFI Rules for Insurers

Federal Reserve Vice Chairman Janet Yellen said the central bank will “carefully consider” how to apply new regulatory standards to insurance companies that fall under the central bank’s supervision. The Dodd-Frank Act gives regulators the authority to place insurance companies …