On Monday, US Treasury Secretary Yellen stated in an interview that higher interest rates may continue, but also insisted that the US economy is "in a good state".
Yellen said in the interview that the interest rate on US debt (accounting for 98% of economic output) "is still controllable". Although it is not yet clear, higher interest rates may continue, "she pointed out." Our financial situation is by no means insurmountable. We must pay attention to it
Yellen also stated that while Israel is fighting Hamas militants, the United States has an "absolute" ability to provide new assistance to Israel while continuing to provide significant assistance to Ukraine. It is understood that Yellen is giving a speech in Luxembourg and is preparing to meet with EU officials to discuss aid to Ukraine.
Of course, Americans have the ability to stand with Israel and support Israel's military needs, "she said." We can and must also support Ukraine's struggle with Russia
Yellen stated that as the Israeli military prepares to invade Gaza and pursue Hamas armed forces, it is too early to predict whether this conflict will lead to a global economic recession.
We are studying the impact of hostilities there on the economy, "she said." I think it's too early to speculate whether there will be significant consequences. I think what's important is that it depends on whether the hostilities will expand beyond Israel and Gaza, which is of course the outcome we want to avoid