WASHINGTON—Treasury Secretary Janet Yellen said on Friday that policymakers are improving coordination to tackle many of the challenges facing the global economy.
“Inflation is elevated in many countries. Growth is slowing globally. We are also seeing swings in capital flows and strong movements in financial markets,” Yellen said in remarks prepared for delivery at a news conference during the International Monetary Fund and World Bank annual meetings in Washington.
Yellen said that the U.S. economy remains resilient but inflation remains too high and bringing it down remains President Joe Biden’s top economic priority.
She also said global policymakers gathering in Washington agreed on decisive action on taming inflation, securing energy supplies, and addressing other challenges….