Yellen sounds warning about ‘extremely inefficient’ bitcoin

Treasury Secretary Janet Yellen issued a warning Monday about the dangers that bitcoin poses both to investors and the public. Despite a sharp slide in price to start the week, the cryptocurrency continues to trade above $53,000 as it has received boosts from various sources. Elon Musk’s Tesla recently made a substantial purchase and has… Continue reading Yellen sounds warning about ‘extremely inefficient’ bitcoin

Janet Yellen Confirmed By Senate, Making History As First Female Treasury Secretary

WILMINGTON, DELAWARE - DECEMBER 01: U.S. Secretary of the Treasury nominee Janet Yellen speaks during an event to name President-elect Joe Biden’s economic team at the Queen Theater on December 1, 2020 in Wilmington, Delaware. Biden is nominating and appointing key positions to the Treasury Department, Office of Management and Budget, and the Council of Economic Advisers. (Photo by Alex Wong/Getty Images)

The Senate quickly confirmed Janet Yellen to be Treasury secretary on Monday, days after she won unanimous backing from both Democrats and Republicans on the Senate Finance Committee. Yellen will be the first woman to lead the Treasury Department and will spearhead the Biden administration’s response to the coronavirus recession. The Senate confirmed her with… Continue reading Janet Yellen Confirmed By Senate, Making History As First Female Treasury Secretary