Yellen says not seeing signs of weakening labor market that would bring recession fears

<p>US Treasury Secretary Yellen comments via news sources:</p><ul><li>
Economists who predicted that taming inflation would require very
high unemployment are 'eating their words'</li><li>Not seeing usual
signs of weakening labor market that would bring fears of recession</li><li>U.S. Growth will
come down, but not seeing weakness on spending side of economy</li><li>Demand continues to
be adequate to power US Economy forward at trend-growth-like rates</li></ul><p>Also comments on geopolitics from Yellen:</p><ul><li>
US would be 'responsible for Ukraine's defeat' if Biden funding
request fails to win approval by congress</li><li>US aid to Ukraine
'utterly essential' to keep government operating, maintain IMF
financial support to Ukraine</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.