While speaking in the The New York Times DealBook Online Summit on Monday, US Secretary of the Treasury Janet Yellen, said the wealth tax has difficult implementation problems, as reported Reuters. Yellen further noted that the President of the United States, Joe Biden, is committed to not raising taxes on those who earn less than $ 400,000 a year.
Additional statements
“It makes sense for the Federal Reserve to study the digital currency in dollars.”
“Digital currencies could lead to faster and cheaper payments, but many issues need to be studied, including consumer protection and money laundering.”
“The Treasury will discuss climate stress tests for banks.”
“Other banking regulators, the Fed, insurance regulators will take the lead in the financial stress tests of climate change.”
“It is important that investors at the retail level are treated fairly, have the opportunity to trade in the markets.”
Market reaction
These comments do not appear to have a significant impact on market sentiment. At the time of writing, the futures of the S&P 500 they fell 0.63% on the day to 3,882.
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