WASHINGTON (Reuters] – Gun violence is a problem for survivors and the U.S. Economy, U.S. Treasury secretary Janet Yellen stated Tuesday to a U.S. Senate Hearing, adding that she hopes Congress will soon take action to end gun violence.

Yellen explained to the Senate Finance Committee how economic research had shown that childhood events, such as shootings at schools, can have a lasting impact on the mental well-being of the involved and their participation in the labor market.

Yellen stated that “Ofcourse it has a detrimental impact on these people and our economy.”