Yellen Says Soft Landing Looks Good, Unemployment May Level Off

Treasury Secretary Janet Yellen said she sees a good chance of the US economy achieving a soft landing, with the unemployment rate — which has ticked up in recent months — averting a sharp increase.

“Signs are very good that we’ll achieve a soft landing, with unemployment stabilizing more or less where it is, or in the general vicinity,” Yellen told reporters Thursday following a speech in North Carolina.