Inflation & Prices
US Treasury Secretary Yellen Sees Lower US Recession Risk, Says Consumer Slowdown Needed
- Further slowdown in price gains is ‘in the pipeline,’ she says
- China being more constructive in debt talks, improves standing
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Treasury Secretary Janet Yellen sees diminishing risk for the US to fall into recession, and suggested that a slowdown in consumer spending may be the price to pay for finishing the campaign to contain inflation.
On the chance of a recession, Yellen said “my odds of it, if anything, have gone down — because look at the resilience of the labor market, and inflation is coming down.” She spoke in an interview with Bloomberg News Thursday.