Treasury Secretary Janet Yellen: US Financial Stability Risks Could Materialize, Cites ‘Dangerous and Volatile Environment’

Treasury Secretary Janet Yellen has warned that fiscal stableness risks could materialize successful the U.S. Noting that “Inflation remains excessively high, and we are contending with superior planetary headwinds,” she stressed that the Treasury is “closely monitoring the fiscal sector, arsenic planetary developments person led to accrued marketplace volatility.”

Janet Yellen Warns of Financial Stability Risks successful U.S.

The Secretary of the Treasury Janet Yellen warned astir fiscal stableness risks to the U.S. system portion responding to questions pursuing her code astatine the Securities Industry and Financial Markets Association (SIFMA) yearly gathering Monday.

Citing a “dangerous and volatile environment” for the planetary economy, including the surge successful vigor prices and accrued volatility successful fiscal markets, Yellen warned that successful the United States:

Financial stableness risks could materialize.

“We are intimately monitoring the fiscal sector, arsenic planetary developments person led to accrued marketplace volatility,” Yellen added. “To date, the U.S. fiscal strategy has not been a root of economical instability. While we proceed to ticker for emerging risks, our strategy remains resilient and continues to run good done uncertainties.”

Yellen connected U.S. Economy and Inflation

Treasury Secretary Janet Yellen besides talked astir the U.S. system and ostentation successful her code astatine the SIFMA yearly gathering Monday. While noting that “The U.S. system retains important strength,” she cautioned:

Inflation remains excessively high, and we are contending with superior planetary headwinds.

“Growth is slowing globally. And vigor and nutrient prices person risen, driven partially by Putin’s unspeakable warfare successful Ukraine and the pandemic’s lingering effects abroad. Climate alteration continues to devastate communities, exacerbating vigor and nutrient shortages successful Europe and crossed the world,” the treasury caput continued. “We are highly attuned to these risks.”

What bash you deliberation astir the comments by Treasury Secretary Janet Yellen? Let america cognize successful the comments conception below.

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