US Treasury Secretary Janet Yellen: Does not think the US is going to have a recession By ross_burland UnitedStates DollarIndex Fed Equities
Speaking at a New York event, US Treasury Secretary Janet Yellen explained that she does not think the US is going to have a recession. Expects growth to slow down, but consumer spending is very strong, and investment spending is solid.It's unlikely that gasoline prices will fall anytime soon.Amazing how pessimistic households are given job gains.
In response to a question about how she had initially framed inflation, Yellen said: “When I said that inflation would be transitory, what I was not anticipating was a scenario in which we would end up contending with multiple variants of Covid that would be scrambling our economy and global supply chains.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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