US Treasury

The US Treasury is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. It advises the President on economic and financial issues, encourages sustainable economic growth, and fosters improved governance in financial institutions. Recent news highlights the Treasury's involvement in several international and domestic financial matters. These include pressing China to allow the yuan to strengthen, sanctioning Iran's 'shadow fleet' for allegedly funding violent crackdowns, and dealing with oil tankers under US sanctions sailing towards Russia. Furthermore, former Fed chairs, including former Treasury Secretary Janet Yellen, have condemned a criminal investigation into current Fed chair Jerome Powell, highlighting the interconnectedness of these roles. These events demonstrate the Treasury's ongoing role in managing international economic relations, enforcing sanctions, and navigating complex financial landscapes.