Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Yellen says urgent action needed to prevent self-reinforcing economic downturn

12/01/2020 | 01:32pm EST

WASHINGTON, Dec 1 (Reuters) - U.S. President-elect Joe Biden's treasury secretary nominee Janet Yellen said on Tuesday the country is facing a historic crisis from the pandemic and the subsequent economic fallout.

"It's an American tragedy and it's essential that we move with urgency. Inaction will produce a self-reinforcing downturn, causing yet more devastation," Yellen said.

(Reporting by Tim Ahmann and Nandita Bose in Washington; Editing by Chris Reese)


© Reuters 2020
Latest news "Economy & Forex"
05:53pBlinken Addresses U.S. Rivalry With China, Russia in Senate Hearing -- 2nd Update
DJ
05:45pYellen backs more 'big' stimulus; Netflix soars
RE
05:44pForeign holdings of U.S. Treasuries slide for 4th month in November -data
RE
05:39pUK unveils aid for fishing industry, reeling from post-Brexit checks
RE
05:39pYellen Tells Lawmakers That American Workers Would Be Her Core Focus -- 4th Update
DJ
05:34pPresident-elect joe biden's administration considering creating a white house antitrust czar focused on competition -sources
RE
05:30pPCA PROPERTY COUNCIL OF AUSTRALIA : HomeBuilder the workhorse of economic recovery
PU
05:30pUK's Boris Johnson aiming for close ties with Biden
RE
05:27pUtilities Down On Cyclical Bias -- Utilities Roundup
DJ
05:26pCommunications Services Climb As Netflix Kicks Off Earnings Season - Communications Services Roundup
DJ
Latest news "Economy & Forex"