Janet Yellen says the economy looks ‘bright.’ The IMF sees ‘turbulence.’

Treasury Secretary Janet Yellen on Tuesday rejected growing pessimism about the direction of the global economy, cautioning, “I wouldn’t overdo the negativism.”

The International Monetary Fund warned earlier in the day of an “anemic outlook” for the economy, thanks to higher interest rates aimed at taming inflation, deteriorating financial conditions amid banking turmoil, the war in Ukraine and geo-economic fragmentation.

Asked about that forecast, Yellen — an economist and former Federal Reserve chair — countered that “the outlook is reasonably bright.” She cited diminished inflation projections, easing commodity prices and supply chain snarls, and an international financial system that she said has proved resilient.