Janet Yellen Sees Recession Risk Even With Improving Inflation, Jobs
- ‘Reasonably satisfied’ by numbers as Fed hikes rates
- Soft landing hinges on labor market as economy cools
Janet Yellen
Photographer: Yuri Gripas/Sipa/Bloomberg
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Treasury Secretary Janet Yellen said she’s encouraged by recent US data on inflation and jobs but conceded the economy is at risk of recession amid high interest rates.
“I’m reasonably satisfied by the data that I’ve seen so far, but I don’t want to minimize the risk of recession,” given the Federal Reserve is “slowing down the economy,” Yellen said Friday in an interview with Bloomberg News in Johannesburg as she wrapped up a trip to Africa.