Yellen Says Soft Landing Looks Good, Unemployment May Level Off
- Says Fed doesn’t need to push economy into recession
- Treasury secretary speaks to reporters in North Carolina
Janet Yellen
Photographer: Haiyun Jiang/BloombergThis article is for subscribers only.
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.