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

Photo by Kenny Eliason on Unsplash

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 li…

Read more at foxbusiness.com: Yellen says OPEC+ production cut ‘regrettable’ and ‘not positive’ for global growth

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