Treasury Secretary Janet Yellen said on Thursday that the COVID-19 omicron variant “could cause significant problems” for the global economy, according to Reuters.
Markets tanked after detection of the omicron variant was announced last week, with the Dow Jones Industrial Average dropping 900 points, The Hill reported.
“Hopefully, it’s not something that’s going to slow economic growth significantly,” Yellen said at the Reuters Next conference. “There’s a lot of uncertainty, but it could cause significant problems. We’re still evaluating that.”
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