Yellen Urges Congress to Fund Israel and Ukraine Despite Rising Costs of Dual Military Efforts

Janet Yellen said the U.S. can afford to support Israel and Ukraine militarily despite wars on two fronts. She called on Congress to provide funding.

Yellen said it's too early to understand the economic effects of the Israel-Hamas conflict, though oil/gas prices remain volatile.

She pointed to easing inflation but said Congress must act to provide financial support to Israel and Ukraine.

Yellen affirmed U.S. support for Israel's right to defend itself while minimizing civilian casualties.

Regarding Iran, Yellen said diplomatic conversations are happening but gave no details about U.S. Treasury efforts to dissuade Iran from getting involved.