Treasury Secretary Janet Yellen on Wednesday slammed the move by Fitch Ratings to strip the US of its top-tier credit rating, calling it “flawed” and “entirely unwarranted.” “Fitch’s decision is puzzling in light of the economic strength we see in the United States,” Yellen said in remarks prepared for an event in McLean, Virginia. In the longer term, the US “remains the world’s largest, most dynamic, and most innovative economy – with the strongest financial system in the world.” Yellen’s criticism is an echo of predecessor Timothy Geithner’s almost exactly 12 years ago, when he blasted S&P Global Ratings for ... (full story)