Yellen's Cautious Optimism on US and World Economy.
TL;DR
US Treasury Secretary Janet Yellen believes the American economy remains strong and its banking system is resilient despite recent turmoil among regional financial institutions. She added that the “US economy is obviously performing exceptionally well,” noting solid job creation, moderating inflation, and robust consumer spending. Yellen also pledged continued economic and humanitarian support for Ukraine as it continues to defend itself against Russia’s invasion.
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