China News Agency, Washington, May 10 (Reporter Sha Hanting) U.S. Treasury Secretary Yellen said during a congressional hearing on the 10th local time that restricting women's abortion rights would have a "destructive impact" on the economy.
On the same day, Yellen attended the Senate Banking Committee hearing on the annual financial risk report and answered questions from lawmakers on the US economic situation. The issue of women's abortion rights "accidentally" became the focus of the hearing.
On the 3rd of this month, an opinion leaked by the U.S. Supreme Court showed that the Supreme Court may overturn the Roe v. Wade case that protects women's abortion rights, which has aroused widespread concern from all walks of life.
On the issue, Yellen said that banning abortions for women would "have a devastating impact on the U.S. economy and set back women's living conditions by decades."
Yellen said the 1973 ruling in Roe v. Wade protected women's right to abortion, gave women more opportunities to complete their education and join the labor market, and played a positive role in economic development.
"Numerous studies have shown that denying women the right to abortion will make them more likely to fall into poverty and need social help."
In response, Republican Senator Tim Scott called Yellen's claim that ending his life was good for the labor force participation rate "relentless and excessive."
Yellen responded, "It's not too much, it's the truth."
Republican congressman Steve Daines argued that the low fertility rate caused by allowing abortions would also have a negative impact on the economy.
On the same day, Yellen also answered questions from lawmakers on inflation, U.S. sanctions on Russia and other issues.
Yellen said that despite high inflation, the US financial system is still in a normal state.
Globally, the new crown epidemic will continue to affect global economic growth, and the conflict between Russia and Ukraine will further increase the uncertainty of the global economy.
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