Yellen says OPEC+ move to add uncertainty to growth outlook

Kitco Media
By Reuters
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Updated:
Reuters
NEW HAVEN, Conn., April 3 (Reuters) - 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. "I think it's a regrettable action that OPEC decided to take. I'm not sure yet just what the price impact will be. I think we need to wait a little longer for, you know, to really assess that," Yellen told reporters after an event at Yale University
(Reporting by David Lawder)

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