Skip to main content
Tags: janet yellen | israel | u.s. economy

Yellen: Too Early to Speculate on Israel Economic Fallout

Yellen: Too Early to Speculate on Israel Economic Fallout
U.S. Treasury Secretary Janet Yellen speaks at a press conference in Marrakech, Morocco, on Oct. 11, 2023. (AP)

Monday, 16 October 2023 08:36 AM EDT

U.S. Treasury Secretary Janet Yellen said Monday it was too early to speculate on the economic consequences of the Israeli-Palestinian conflict, and that the impact would depend on whether the conflict spread to the wider region.

"We're looking at the potential economic implications of the hostilities ... It's too early to speculate on whether or not there will be significant consequences," she told Sky News.

"I think importantly it depends on whether the hostilities extend beyond Israel and Gaza, and that's certainly an outcome we would like to avoid."

Asked whether the U.S. and the west could afford another war at this time, Yellen said: "I think the answer is absolutely. America can certainly afford to stand with Israel and to support Israel's military needs, and we also can and must support Ukraine in its struggle against Russia."

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. Treasury Secretary Janet Yellen said Monday it was too early to speculate on the economic consequences of the Israeli-Palestinian conflict, and that the impact would depend on whether the conflict spread to the wider region.
janet yellen, israel, u.s. economy
138
2023-36-16
Monday, 16 October 2023 08:36 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved