12/11/2022: The Treasury Secretary, Suing Social Media, College of Magic
Janet Yellen on recession fears, inflation and the war in Ukraine; Families suing social media companies; Cape Town's College of Magic.
Janet Yellen
Janet Yellen on the Great Recession
In 2009, as head of the San Francisco Fed, Janet Yellen gave an impassioned speech to staff about the thousands of Americans losing jobs during the Great Recession.
Both signatures on dollar belong to women
For the first time in American history, both of the signatures on the dollar belong to women: U.S. Treasurer Lynn Malerba and Treasury Secretary Janet Yellen. 60 Minutes joined Secretary Yellen to view the freshly printed currency.
Treasury Secretary Janet Yellen on inflation
In the U.S., inflation is at a 40-year high. Secretary of the Treasury Janet Yellen told 60 Minutes she sees positive signs that many of the underlying causes are being resolved and that by the end of 2023, inflation will be substantially reduced.
Feds expected to raise interest rates again
The Federal Reserve is set to meet this week to discuss another possible interest rate hike. The two-day meeting comes after Treasury Secretary Janet Yellen saying she predicts a significant reduction in inflation by the end of next year. Kristin Myers, the editor-in-chief at The Balance, joins CBS News to discuss.
ICYMI: A look back at Sunday's 60 Minutes
Janet Yellen on recession fears, inflation and the war in Ukraine; Families suing social media companies; Cape Town's College of Magic.
Janet Yellen: The 2022 60 Minutes Interview
The treasury secretary tells Norah O’Donnell how she thinks the economy will fare in the coming year and what her department is doing to end the war in Ukraine.
Janet Yellen on recession fears, inflation and the war in Ukraine
The treasury secretary tells Norah O'Donnell how she thinks the economy will fare in the coming year and what her department is doing to end the war in Ukraine.
Yellen sees economic growth slowing and lower inflation on the horizon
The Treasury Secretary told 60 Minutes a risk of a recession remains, but she doesn't believe it's "necessary to bring inflation down."
Yellen believes inflation will be lower in '23
"I believe inflation will be lower. I am very hopeful that the labor market will remain quite healthy," Yellen tells Norah O'Donnell. See the interview, Sunday on 60 Minutes.
Yellen to unveil first U.S. currency with her signature
Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary.
G-7 and EU impose $60-per-barrel price cap on Russian oil
The move is key for Western powers' efforts to prevent oil price spikes and starve Russia of funding for its war in Ukraine.
Yellen sees "no basis" to investigate Elon Musk's purchase of Twitter
Her comments came days after President Biden said the acquisition was "worth being looked at" on national security grounds.
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Hegseth fires Pentagon's top military planner over alleged leaks
Investigation
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U.S. citizens included on DOJ list of 400 alleged noncitizens, Washington says
No clear winner in Israeli election as negotiations to follow
