China lockdowns impeding supply chain recovery, slowdown risks spillovers, Yellen says

News Snapshot:

BONN, Germany (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that COVID-19 lockdowns in China appear to be impeding the flow of goods and hampering global supply chains and a broader slowdown in growth in the world’s No. 2 economy could have global spillover effects that warrant close attention. “Certainly the lockdowns look like they are impeding the production and flow of goods and services, given how extensive they are, and compounding supply chain difficulties that we have had that have boosted prices,” Yellen told reporters at a press conference in Bonn, where she will be meeting with top...