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Yellen Sees Solid Growth, Possible ‘Soft Landing’ for U.S. Economy

  • Fed will need to be skillful to achieve the combination
  • Medium-term inflation expectations unaffected, she says
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U.S. Treasury Secretary Janet Yellen said she expects solid growth in the coming year, with a possible “soft landing” for the economy as the Federal Reserve moves to bring down inflation.

“I do believe we’re going to see solid growth in the coming year,” Yellen said in an interview at a Wall Street Journal event Wednesday. “The Fed will need to be skillful and also lucky, but I believe it’s a combination that is possible.”