Janet Yellen Says OPEC Production Cut Is an Unconstructive Act

WASHINGTON — Treasury Secretary Janet Yellen said the surprise OPEC+ oil production cut announced Sunday was an “unconstructive act,” which could hurt U.S. efforts to lower inflation. “I think it’s a regrettable action that OPEC decided to take. I’m not sure yet just what the price impact will be, I think we need to wait a little longer for, you know, to really assess that,” Yellen told reporters Monday following an event at Yale University in New Haven, Conn. Yellen also said the production cuts could, in the future, merit a reassessment of the current $60 per barrel price cap…