Janet Yellen says the U.S. is likely to avoid a recession.
Written by Black Hot Fire Network on June 9, 2022
Treasury Secretary Janet L. Yellen said on Thursday that she expected the United States economy to slow as the Federal Reserve raised interest rates to tame inflation but that she did not anticipate a recession.
Speaking at The Times’s DealBook D.C. policy forum, Ms. Yellen said that the global economy faced an array of serious threats and that gas prices were unlikely to fall in the near term. However, she said that the U.S. economy remains strong despite rising prices and that a solid labor market . . .
