Yellen Says OPEC+ Cut ‘Unconstructive’ as World Fights Inflation
- Treasury secretary says move adds to economic uncertainty
- Yellen says crude oil price cap doesn’t need adjusting
Janet Yellen
Photographer: Al Drago/BloombergThis article is for subscribers only.
US Treasury Secretary Janet Yellen criticized the decision by OPEC+ oil producers over the weekend to cut output, saying it was “unconstructive” and would add to the uncertainty overhanging global growth.
“It’s a very unconstructive act at this time when it’s important to try to hold energy prices down,” Yellen told reporters Monday after a speaking engagement in New Haven, Connecticut.