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U.S. Treasury Secretary at G20 Credibility Test
U.S. Treasury Secretary Janet Yellen faced a critical test in front of G20 leaders in Asheville, North Carolina, as she seeks to persuade them to adopt the American growth agenda and lift restrictions. This comes amid international criticism of Washington's market interventions and support for the yen, actions that threaten global economic stability and increase financial risks. The relationship between Yellen and Federal Reserve Chair Jerome Powell raises questions about the balance of priorities between lowering borrowing costs and controlling inflation. Despite global pressures, the International Monetary Fund (IMF) projects a 3% growth rate, accompanied by warnings of ongoing recession risks.
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