Janet Yellen warns of continued volatility in the economy
CNN
US Treasury Secretary Janet Yellen told lawmakers on Tuesday the Covid-19 pandemic and the war in Ukraine may continue to add turbulence to the world economy.
"There is the potential for continued volatility and unevenness of global growth as countries continue to grapple with the pandemic," Yellen said during a hearing on the Financial Stability Oversight Council's (FSOC) annual report to Congress.
"Russia's unprovoked invasion of Ukraine has further increased economic uncertainty," said Yellen, who chairs the FSOC, during the Senate Banking Committee hearing.
President Joe Biden warned against a streak of “semi-isolationism” in the US as he stressed the importance of alliances during a symbolic visit to the Aisne-Marne American Cemetery on Sunday, honoring the thousands of Americans who died in World War I at a site former President Donald Trump skipped during a 2018 visit to Paris.
Looking to shore up Latino votes in Nevada and Arizona for his reelection campaign, President Joe Biden is on the verge of soon following up last week’s executive action aimed at curbing border crossings with another move focused on providing legal status for long-term undocumented immigrants married to American citizens and without criminal records.