Yellen said there's 'no legal issue' with the loan backed by Russian assets.
Treasury Secretary Janet Yellen says use of Russian assets from Ukraine is not 'theft' despite Putin's claimsJune 16, 2024, 10:14 AMTreasury Secretary Janet Yellen speaks to the Economic Club of New York in New York, on June 13, 2024.
"Putin, I think, believes that our coalition will crumble in the sense we won't go on providing Ukraine with the resources that they need to fight this war and to keep their economy running," Yellen said. "And this is a way of showing that we have the capacity and the will to do so." "I think the pandemic was a profoundly difficult time. But in the years leading up to the pandemic, Americans were ... just struggling with things like health care costs, the cost of energy, education costs, childcare costs," Yellen told Karl."It is true that over the last three years, there's been a significant increase in the price level," she said. "Americans see that and mainly it comes on top of concerns about cost, that we're making life very difficult.
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