Yellen and IMF Differ on Global Economic Outlook
TL;DR Summary
US Treasury Secretary Janet Yellen remains vigilant to downside risks facing the global economy, given Russia's ongoing war against Ukraine and banking pressures, but the overall outlook is "reasonably bright." Yellen pushed back against warnings by the International Monetary Fund of bigger risks associated with severe financial tensions. She said the US banking system remained sound, with strong capital and liquidity positions, and the global financial system is resilient due to the significant reforms enacted after the 2008 financial crisis.
- Yellen says vigilant to downside economic risks, but don't 'overdo the negativism' Reuters
- Yellen: 'Not anticipating a downturn' in the US economy CNN
- Yellen says US economy performing 'exceptionally well,’ and she’s ‘not anticipating a downturn’ Fox Business
- Global economy's outlook 'is reasonably bright': Yellen Reuters
- Janet Yellen says the economy looks 'bright.' The IMF sees 'turbulence.' POLITICO
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