![\"Treasury](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/10\/yellen-768x432.jpg\")
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Treasury Secretary Janet Yellen has warned that financial stability risks could materialize in the U.S. Noting that \u201cInflation remains too high, and we are contending with serious global headwinds,\u201d she stressed that the Treasury is \u201cclosely monitoring the financial sector, as global developments have led to increased market volatility.\u201d<\/strong><\/p>\n The Secretary of the Treasury Janet Yellen warned about financial stability risks to the U.S. economy while responding to questions following her speech at the Securities Industry and Financial Markets Association (SIFMA) annual meeting Monday.<\/p>\n Citing a \u201cdangerous and volatile environment\u201d for the global economy, including the surge in energy prices and increased volatility in financial markets, Yellen warned that in the United States:<\/p>\n Financial stability risks could materialize.<\/p>\n<\/blockquote>\n \u201cWe are closely monitoring the financial sector, as global developments have led to increased market volatility,\u201d Yellen added. \u201cTo date, the U.S. financial system has not been a source of economic instability. While we continue to watch for emerging risks, our system remains resilient and continues to operate well through uncertainties.\u201d<\/p>\n Treasury Secretary Janet Yellen also talked about the U.S. economy and inflation in her speech at the SIFMA annual meeting Monday. While noting that \u201cThe U.S. economy retains significant strength,\u201d she cautioned:<\/p>\n Inflation remains too high, and we are contending with serious global headwinds.<\/p>\n<\/blockquote>\n \u201cGrowth is slowing globally. And energy and food prices have risen, driven partly by Putin\u2019s terrible war in Ukraine and the pandemic\u2019s lingering effects abroad. Climate change continues to devastate communities, exacerbating energy and food shortages in Europe and across the world,\u201d the treasury secretary continued. \u201cWe are highly attuned to these risks.\u201d<\/p>\nJanet Yellen Warns of Financial Stability Risks in U.S.<\/h2>\n
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Yellen on U.S. Economy and Inflation<\/h2>\n
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