*🚨Treasury Secretary Yellen Refutes Economist Nouriel Roubini's Allegations of Financial
- *Refutation of Allegations*: Treasury Secretary Janet Yellen has rejected economist Nouriel Roubini's claims of financial manipulation, stating that the Treasury department has never discussed or implemented such a strategy .
- *Roubini's Claims*: Roubini alleged that the Treasury department manipulated the issuance of Treasury securities to lower real borrowing costs across the economy, echoing a line of attack recently leveled by Republican politicians .
- *Yellen's Response*: Yellen firmly rejected Roubini's claims, stating that the Treasury department issues debt in a "regular and predictable fashion" to borrow at the lowest cost over time .
- *Support from Treasury Official*: Joshua Frost, the Treasury's assistant secretary for financial markets, defended the department's actions, stating that they were within market participants' expectations .
- *Criticisms of Roubini's Paper*: A senior Treasury official criticized Roubini's paper for factual mistakes and misleading information about Treasury bill issuance .
