Yellen Says Markets Functioning Well, Conditions Not Disorderly
- Treasury chief says officials will continue to monitor markets
- Yellen says tighter conditions part of addressing inflation
Janet Yellen
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
Treasury Secretary Janet Yellen said that financial markets are functioning well, after a tumble in equities and Treasuries and a surge in the dollar unsettled investors.
“We haven’t seen liquidity problems develop in markets -- we’re not seeing, to the best of my knowledge, the kind of deleveraging that could signify some financial stability risks,” Yellen said in answering reporters’ questions Tuesday on a trip to North Carolina.