Yellen Relieved by Averted Shutdown But Worried About Ukraine Aid and Consumer Confidence
• Yellen is pleased a government shutdown has been averted for now but more funding deadlines loom ahead.
• Despite positive economic indicators in the U.S. like low unemployment and inflation reduction, consumer confidence remains low.
• At the G20 Summit, support for Ukraine aid is a top priority and Yellen is urgently pushing for Congressional approval of funding.
• Yellen is considering leveraging frozen Russian assets to provide financing for Ukraine as a sign of long-term U.S. commitment.
• Yellen asserts bipartisan Senate support for Ukraine aid exists but the House speaker has prevented a vote, concerning U.S. allies.