Treasury Secretary of the USA Janet Yellen announced today to Reuters that the country's economy is strong.
Yellen indicated that she maintains her view that the rate of inflation growth is still slowing to more normal levels, writes BTA.
"The US economy continues to perform very, very well,", says the US Treasury Secretary.
She notes that "they are not a concern" data on a smaller-than-expected growth of the US gross domestic product in the first quarter of the year, announced earlier today.
According to the data, the US economy grew in the first three months of 2024 at the slowest pace in nearly two years, according to Reuters.
Janet Yellen points out that the US dollar is strong because it reflects the difference between the US and other countries' economies. The US Treasury Secretary states that interventions by foreign governments in currency markets are "acceptable only in rare and extraordinary circumstances".
Regarding the Russian assets frozen by Western countries because of the military invasion of Ukraine, Yellen notes that the idea of their possible confiscation in solidarity with Kiev is "just one of the possibilities". Another option is the use of Russian assets as collateral for borrowing funds from the markets to be provided to Ukraine, the US Treasury Secretary points out.