Inflation & Prices
Janet Yellen Sees Path to Cool Inflation With Healthy Job Market
- US economy proves more resilient than thought, secretary says
- Bidenomics prioritizes workforce, productivity investments
Janet Yellen
Photographer: Al Drago/BloombergThis article is for subscribers only.
Treasury Secretary Janet Yellen reiterated her optimism about the US economy, saying inflation can slow down without a slump in employment, even if growth cools.
“For a year now, we have heard our fair share of predictions about an imminent US recession – with forecasters projecting one by the end of 2022, then by the start of 2023, then by the middle of this year,” Yellen said in remarks due to be delivered Friday in New Orleans. “But our economy has proven more resilient than many had thought.”