PM Lee meets Fed's Yellen, trade representative Froman ahead of nuclear summit

Prime Minister Lee Hsien Loong meets US Federal Reserve Chair Janet Yellen in Washington on March 31, 2016.
Prime Minister Lee Hsien Loong meets US Federal Reserve Chair Janet Yellen in Washington on March 31, 2016.PHOTO: JEREMY AU YONG
Prime Minister Lee Hsien Loong meets US Trade Representative Michael Froman in Washington on March 31, 2016.
Prime Minister Lee Hsien Loong meets US Trade Representative Michael Froman in Washington on March 31, 2016.PHOTO: JEREMY AU YONG

WASHINGTON - Prime Minister Lee Hsien Loong met separately with US Federal Reserve Chair Janet Yellen and Trade Representative Michael Froman in Washington, DC on Thursday, ahead of the Nuclear Security Summit.

According to the Prime Minister's Office, the leaders exchanged views on the global economy and prospects of the Trans-Pacific Partnership (TPP) free trade agreement.

Both Dr Yellen and Mr Froman oversee aspects of US policy that have an impact on Singapore and Asia.

Under Dr Yellen's watch, the US central bank raised interest rates in December, the first time it has done so since 2006.

 
 

Meanwhile, as head of US trade, Mr Froman will play a critical role in getting the TPP passed.

Twelve Pacific Rim nations - including Singapore - concluded negotiations on the TPP last year and its fate now depends on the ability of the respective governments to get the agreement ratified by domestic legislatures.

PM Lee is on a week-long working visit to the US.

He visited New York earlier this week and is now in Washington to attend the 4th Nuclear Security Summit.

In New York, PM Lee met former mayor Michael Bloomberg to discuss, among other things, the upcoming US presidential election and prospects for the TPP.