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Janet Yellen: Credit downgrade 'puzzling' and unwarranted'

2023-08-03 03:20
Janet Yellen defends the US, as stock markets fall after credit downgrade.
Janet Yellen: Credit downgrade 'puzzling' and unwarranted'

Treasury Secretary Janet Yellen has defended the strength of the US economy, after the government was stripped of its top tier credit rating.

Ms Yellen called the decision by Fitch, one of the three big ratings firms, "puzzling" and "entirely unwarranted".

Her remarks came as global stock...