Yellen Says Premature to Judge Auto Strike Impact, Wants Win-Win Deal
- Treasury secretary calls on Congress to fund the government
- Yellen says administration wants a win-win autoworkers deal
This article is for subscribers only.
Treasury Secretary Janet Yellen said that the US economy is showing no signs of a looming recession and that it’s too soon to tell what impact there may be from the strike in the US automobile industry.
“I don’t see any signs that the economy is at risk of a downturn,” Yellen said Monday in an interview with CNBC. While softening somewhat, the labor market is still in a “healthy” condition, industrial output is rising and “inflation is moving down,” she said.