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Yellen: Negative Moody’s outlook on US is ‘a decision that I disagree with’
Treasury Secretary Janet Yellen said she disagrees with the recent move by Moody’s Investors Service’s to shift the U.S. outlook from stable to negative. “The American economy is fundamentally strong and Treasury securities remain the world’s preeminent safe and liquid asset,” Yellen said Monday following the APEC Finance Ministers’ Meeting in San Francisco. The Moody’s move is “a decision that I disagree with,” Yellen added. While the U.S. still has its “AAA” rating from Moody’s, the agency called higher interest rates and the rising debt a risk to America’s fiscal strength. “In the ... (full story)
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