On May 16, 2024, Under Secretary of the Treasury for International Affairs Jay Shambaugh held a meeting with Argentina’s Chief of Cabinet Nicolás Posse and Foreign Minister Diana Mondino. The Argentine delegation was also accompanied by Ambassador Gerardo Werthein.

On May 16, 2024, Secretary of the Treasury Janet L. Yellen delivered remarks on high-integrity voluntary carbon markets (VCMs) at an event hosted by Bloomberg Philanthropies, the Center for Climate and Energy Solutions, and the Environmental Defense Fund.

KYIV – Deputy Secretary Adeyemo met with key members of the Verkhovna Rada during his visit to Kyiv. The discussions focused on ongoing efforts by the international coalition to provide Ukraine with necessary resources for defense, including mobilizing over $85 billion in budget support from the United States and international partners, as well as more than $24 billion in early recovery and reconstruction assistance.

Carlyle (NASDAQ: CG) announced today that its Chief Executive Officer, Harvey Schwartz, is scheduled to present at Bernstein’s 40th Annual Strategic Decisions Conference. The event will take place in New York on Thursday, May 30, 2024, at approximately 9:00 AM EDT.

In a recent interview with The Wall Street Journal, President Loretta Mester of the Federal Reserve Bank of Cleveland expressed that the Federal Reserve is in a "really good place" to study the economy before determining the path for interest rates. She further stated that she isn't eager to consider interest-rate hikes at this time.

The Federal Reserve Bank of Cleveland is set to host an informative event titled "Assessing the Safety and Soundness of Banks: How the Cleveland Fed Supervises Financial Institutions" on Tuesday, May 14, 2024. The event aims to shed light on the crucial role played by financial regulators in ensuring the stability of the financial system.The event will feature panelists from the Supervision, Credit Risk, and Statistics function of the Federal Reserve Bank of Cleveland. Attendees will have the opportunity to learn about the Federal Reserve's supervision role, particularly...

The Federal Reserve Bank of Cleveland and its Center for Inflation Research will be hosting a session titled “Challenges and Opportunities for Central Bank Communications” on Monday, May 13, 2024, from 4:30 to 5:30 pm EDT. The event will be held virtually.In a statement, the organizers highlighted the importance of their work, stating, "We produce indicators and datasets to inform the public, policymakers, and researchers about economic conditions, including inflation, employment, and risks to the financial system." They emphasized that their research aims to benefit...

The Federal Reserve Bank of New York’s Center for Microeconomic Data has released the April 2024 Survey of Consumer Expectations. The survey indicates that short-term and long-term inflation expectations have risen, while medium-term expectations have decreased. Home price growth expectations have reached their highest level since July 2022, and spending growth expectations have also increased.

On May 13, 2024, Todd M. Harper, Chairman of the National Credit Union Administration (NCUA), announced that he will be temporarily stepping away from his daily duties to undergo and recover from back surgery. In a message to the agency's employees, Harper said, “Many of you have likely heard me say on several occasions that if you don’t take care of yourself, you can’t take care of others."

Inflation expectations among U.S. business leaders increased in the second quarter of 2024, according to the Survey of Firms’ Inflation Expectations (SoFIE), published by the Federal Reserve Bank of Cleveland. CEOs and other top executives reported in April (2024:Q2) that they expect inflation as measured by the Consumer Price Index to be 3.8 percent over the next 12 months, up from 3.4 percent in January (2024:Q1).

The United States has expressed its approval of the productive Annual Meetings of the Asian Development Bank (ADB) and the successful replenishment of the Asian Development Fund (ADF-14) and the Technical Assistance Special Fund (TASF-8). The ADF is a crucial support for the poorest and most vulnerable countries in Asia and the Pacific, including small island developing states in the Pacific, as well as Afghanistan and Myanmar.

In a recent meeting of the Financial Stability Oversight Council, Secretary of the Treasury Janet L. Yellen highlighted the importance of addressing risks associated with nonbank mortgage servicing. The Council is set to vote on publishing a report that provides a comprehensive analysis of these risks and offers concrete recommendations for mitigating them.

U.S. Secretary of the Treasury Janet L. Yellen presided over a meeting of the Financial Stability Oversight Council (Council) in both executive and public sessions at the U.S. Department of the Treasury (Treasury) on May 10, 2024.

The U.S. Department of the Treasury has released the Treasury International Capital (TIC) data for March 2024. The subsequent release, which will report on data for April 2024, is slated for June 18, 2024.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has identified an attempted sanctions evasion scheme involving a Russian individual and three Russia-based companies. The intricate scheme could have potentially unfrozen over $1.5 billion worth of shares belonging to U.S.-designated Russian oligarch Oleg Vladimirovich Deripaska.

Secretary of the Treasury Janet L. Yellen issued a statement following the conclusion of the Section 301 review. She emphasized that President Biden and she have consistently pledged to take necessary actions to further the interests of American workers and firms. The results of the Section 301 review, announced today, outline strategic steps required to address specific long-standing unfair trade practices by the People's Republic of China.

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on three Nicaragua-based entities: the Training Center of the Russian Ministry of Internal Affairs in Managua (RTC); Compania Minera Internacional, Sociedad Anónima (COMINTSA); and Capital Mining Investment Nicaragua, Sociedad Anónima (Capital Mining). These actions are taken pursuant to Executive Order (E.O.) 13851, as amended.

Deputy Secretary of the Treasury Wally Adeyemo addressed the Treasury Tribal Advisory Committee (TTAC) on May 10, 2024, emphasizing the importance of government-to-government engagement and outlining ongoing initiatives aimed at supporting Tribal governments.

Secretary of the Treasury Janet L. Yellen delivered remarks in Stafford County, Virginia on May 10, 2024. She expressed gratitude to those present and began by reflecting on the American Rescue Plan enacted by President Biden in March 2021 during the height of the COVID pandemic. The plan offered critical support to states, cities, and counties which enabled them to address urgent needs such as expanding public health services and ensuring housing and business continuity.

President Biden has issued an order prohibiting the acquisition and requiring the divestment of certain real estate operated as a cryptocurrency mining facility within one mile of Francis E. Warren Air Force Base (F.E. Warren AFB). The property, owned by MineOne Partners Limited, which is majority owned by nationals of the People’s Republic of China, MineOne Cloud Computing Investment I L.P., MineOne Data Center LLC, and MineOne Wyoming Data Center LLC (collectively MineOne), along with their affiliates, was purchased in June 2022.