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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

Janet Yellen

Photographer: Emily Elconin/Bloomberg
Updated on

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.