Janet Yellen says OPEC+ production cut is an 'unconstructive act'

US's Yellen says OPEC+ oil cut bad for global growth outlook

US Treasury Secretary Janet Yellen said OPEC+'s surprise oil production cut is a 'regrettable action', adding it was too early to assess what the price impact would be.

Janet Yellen says OPEC+ move bad for global growth outlook

Yellen said a reduction in gasoline prices from last year's peaks had helped limit inflation and it would be detrimental if the trend were reversed.

Janet Yellen says OPEC+ move bad for global growth outlook

"I think it's a regrettable action that OPEC decided to take," Yellen told reporters, adding it was too early to assess what the price impact would be.

Yellen says OPEC+ production cut 'regrettable' and 'not positive' for global growth

Treasury Secretary Janet Yellen said Monday that the unexpected oil production cut announced by OPEC+ is an "unconstructive act" that will create more uncertainty for the global economy and complicate efforts to bring down inflation. "I think it’s a regrettable action that OPEC decided to take. I’m not sure yet just what the price impact will be," Yellen told reporters after an event at Yale University. "I think we need to wait a little longer f…

Yellen says OPEC+ move bad for global growth outlook

NEW HAVEN -- U.S. Treasury Secretary Janet Yellen on Monday said a surprise OPEC+ oil production cut is an "unconstructive act" that will add uncertainty to the global growth outlook and to burdens on consumers at a time of high inflation.

Yellen says OPEC+ move bad for global growth outlook

U.S. Treasury Secretary Janet Yellen on Monday said a surprise OPEC+ oil production cut is an "unconstructive act" that will add uncertainty to the global growth outlook and to burdens on consumers at a time of high inflation.