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.
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One person is dead and a second has been injured in a shooting inside student housing at The University of New Mexico on Friday morning, the university said on its website. The university has closed its Albuquerque central campus “out of an abundance of caution.”
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