[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Vietnam Erases 86 Million Bank Accounts – (NWO) Great Reset in Motion

Vietnam Erases 86 Million Bank Accounts – (NWO) Great Reset in Motion

Rifle Ammo In Kirk Assassination Engraved With 'Transtifa' Ideology: Law Enforcement Memo

Time for MASSIVE change in America (Black Crime and the Media))

How Much Are Teachers Paid Around The World?

Spain's Power Grid: Net Zero Drive Pushes Economy Toward Paralysis

Pepe Escobar: So the death cult "defends itself" by bombing..

Banks Are Hiding Credit Losses (Here’s How) | Bill Moreland of BankRegData

Housing stability is being propped up by hidden bailouts and toxic FHA debt,

Why Did Qatar's Air Defenses Fail During Israel's Attack?

German POWs Expected Execution — Instead an American Farmer Invited Them for Dinner

Charlie Kirk has been shot

Elon Musk Commits $1 Million To Murals Of Iryna Zarutska Nationwide, Turning Public Spaces Into Culture War Battlegrounds

Trump's spiritual advisor, Paula White: "To say no to President Trump would be saying no to God."

NETHERLANDS: Young natives are hunted and beaten on the streets by savage migrants

Female Police Officers Arrest Violent Man The Ponytail Police In Action

Lighter than Hare - Restored Classic Bugs Bunny

You'll Think Twice About Seeing Your Medical Doctor After This! MUST SEE

Los Angeles man creates glass that withstands hammers, saving jewelry from thieves.

This is F*CKING DISGUSTING... [The news MSM wishes you didn't see]

Nepal's Gen Z protest against Govt in Kathmandu Explained In-depth Analysis

13 Major World War III Developments That Have Happened Just Within The Past 48 Hours

France On Fire! Chaos & Anarchy grip Paris as violent protesters clash with police| Macron to quit?

FDA Chief Says No Solid Evidence Supporting Hepatitis B Vaccine At Birth

"Hundreds of Bradley Fighting Vehicles POURING into Chicago"

'I'll say every damn name': Marjorie Taylor Green advocates for Epstein victims during rally

The long-awaited federal crackdown on illegal alien crime in Chicago has finally arrived.

Cash Jordan: ICE BLOCKS 'Cartel Caravan'... HAULS 'Army of Illegals' BACK TO MEXICO

Berenson On Black Violence, Woke Lies, & Right-Wing Rage

What the Professor omitted about the collapse of the American Empire.


Business/Finance
See other Business/Finance Articles

Title: Possibility of ‘large’ economic shocks in future, Yellen warns
Source: [None]
URL Source: https://www.aljazeera.com/economy/2 ... -shocks-in-future-yellen-warns
Published: Apr 29, 2022
Author: staff
Post Date: 2022-04-29 08:36:34 by Ada
Keywords: None
Views: 93

US Treasury Secretary Janet Yellen urged countries to build in ‘recession remedies’ to protect people.

US Treasury Secretary Janet Yellen said Thursday the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future, adding that downturns are “likely to continue to challenge the economy”.

Her address at the Brookings Institution looked at lessons learned from economic downturns of the past and said countries need to build in “recession remedies” to protect people in the United States and globally going forward.

With “large negative shocks” inevitable, she said, policymakers have learned from the Great Recession that it’s imperative to exit economic downturns “as quickly as possible”.

“Countries will fare better if their economies are more resilient and less fragile,” she said. “Improved understanding of breaks in supply chains, increases in commodity prices, bursting of asset bubbles, and labor and productivity shocks can help policymakers implement reforms that bolster our economic resilience.”

The past several years have been marked by a worldwide pandemic that prompted both the Trump and Biden administrations to issue trillions of dollars in federal stimulus aid, which economists have said contributed to inflation levels at their highest points in four decades. And now the war in Ukraine has had major impacts on global energy and food prices, along with other commodities.

The Conference Board’s consumer confidence index edged down slightly in April.

Yellen called for more permanent housing safety assistance for renters and homeowners and applauded recent improvements to the unemployment insurance system and stimulus payments, stressing the importance of US “recovery policies that shorten the duration of recessions and mitigate economic pain.”

She promoted the Biden administration’s efforts to reduce US reliance on fossil fuels and push for greater energy independence.

“These shifts will mitigate our future vulnerability to oil price shocks,” she said. “At the same time, they will abet the transition to cleaner energy sources which will, in due course, lessen the risks tied to natural disasters and climate change.”

Post Comment   Private Reply   Ignore Thread  



[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]