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G7 push to use Russian assets for Ukraine 'vital and urgent': Yellen
G7 push to use Russian assets for Ukraine 'vital and urgent': Yellen
by  AFP

It is "vital and urgent" for the United States and allies to find a way to tap immobilized Russian assets in helping Ukraine, US Treasury Secretary Janet Yellen said in prepared remarks released Monday. "I believe it's vital and urgent that we collectively find a way forward to unlock the value of Russian sovereign assets immobilized in our jurisdictions for the benefit of Ukraine," she said.

US inflation fight will take 'further time': senior Fed official
US inflation fight will take 'further time': senior Fed official
by  AFP

The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday. "We are not yet all the way to our target of two percent," he said in prepared remarks, noting the "disappointing" recent inflation data.

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