Janet Yellen U.S. Treasury Secretary Janet Yellen will warn on Wednesday that the war in Ukraine threatens to inflict “enormous economic repercussions” globally, just as governments impose fresh sanctions on Russia and economists cut growth forecasts. “Russia’s actions, including the atrocities committed against innocent Ukrainians in Bucha, are reprehensible, represent an unacceptable affront to the rules-based global order, and will have enormous economic repercussions for the world,” Yellen will tell the House Financial Services Committee, according to a copy of her prepared remarks. U.S., European Union and Group of Seven officials are coordinating new sanctions on Russia, including a U.S. ban on investment in the country and an EU ban on coal imports, following the discovery of civilian murders and other atrocities in Ukrainian towns abandoned by Russian forces. Meantime, the International Monetary Fund is preparing to cut its forecasts for global growth, having previously predicted a 4.4% expansion […]