The Fed's Speech and Comments From Chicago President Austin Goolsbee

U.S. Treasury Secretary Janet Yellen says that U.S. China ties are on what she called a surer footing after the direct talks that she had with Chinese leaders in Beijing. It comes as the Biden administration has ramped up controls on key exports and is considering curbs on American companies' outbound investments in China. She said no final decision had been reached on the investment curbs. Separately, Yellen was asked about the state of the U.S.'s economy; she said she would not rule out the threat of recession.