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Janet Yellen on Abortion and the Financial system

Treasury Secretary Janet Yellen visited the Senate on Tuesday to reply questions on dangers to monetary stability similar to inflation, rising rates of interest and risky asset costs. However Democrats had been extra eager about her views on the chance that the Supreme Court docket would possibly overturn Roe v. Wade. The trade wasn’t useful to their trigger.

“What impression will the lack of abortion entry imply economically for girls?” New Jersey Sen. Bob Menendez requested Ms. Yellen. She replied with a reductionist financial argument: “I consider eliminating the best of ladies to make selections about when and whether or not to have youngsters would have very damaging results on the financial system and would set girls again by many years.”

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