PARIS — San Francisco Federal Reserve Bank president Janet Yellen said Friday that the U.S. economy is “particularly exposed” to downside risks, especially from the slumping housing sector and strained financial markets.

But the U.S. also faces inflation pressures, particularly in the short term, Yellen said in the prepared text of remarks to a monetary policy conference here at Banque de France’s symposium on globalization and monetary policy.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.