Yellen acknowledges ‘spillovers’ from US rates, strong dollar

BALI. US Treasury Secretary Janet Yellen said the US and other leading economies must be cognizant of “spillovers” stemming from their responses to economic challenges. “Our policies do have spillovers and, of course, many countries are concerned with the spillovers from US policy on their exchange rates with the dollar being so strong,” Yellen told reporters yesterday in Bali, Indonesia, where world leaders are gathering for the Group of 20 summit.