The U.S. treasury secretary visited China recently, and by many measures it was successful. She demonstrated excellent public diplomacy and engaged in many healthy dialogues, which China welcomed. And yet the United States is the source of continued friction on many fronts.

In her recent visit, U.S. Treasury Secretary Janet Yellen sought to establish a solid prerequisite for the development of relations between China and the United States. It’s a fine concept in theory, but the U.S. is making it difficult to accomplish in real life.

Treasury Secretary Yellen's visit to Beijing aimed to promote dialogue and address sticking points. While the meetings were constructive, they didn't bring any new proposals, and significant challenges remain in resolving outstanding issues between the two countries.

Janet L. Yellen, chairwoman of the Federal Reserve, said on Monday that she would step down from the Fed’s board at the same time that she ends her term as chairwoman.

When Janet Yellen was nominated to the position of Federal Reserve Chair, investors and policy analysts cheered the nomination of the first female head, and paid great attention to the future of quantitative easing, writes Yu Xiang.