U.S. Treasury Secretary Janet Yellen will chair a meeting of the Financial Stability Oversight Council (FSOC) tomorrow at 00:45 Beijing time. (Jin Ten)
Asked last week whether the dollar's status as the world's reserve currency was stable, the US Treasury badge hanging from the podium fell to the ground and made a loud noise. Yellen responded: "I have confidence in the status of the dollar."
The US economy is in good shape, with cooler jobs data in recent months indicating a soft landing rather than a recession, according to Treasury secretary Janet Yellen, who said there had been no major job cuts and a "deep recovery".