Yellen Says No Red Lights Flashing as US Makes Soft Landing
- Treasury secretary says she’s ‘attentive’ to downside job risk
- Yellen reiterates the importance of engaging with China
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Treasury Secretary Janet Yellen said there are no “red lights flashing” for the financial system, and reiterated her view that the US economy has reached a soft landing even as job growth weakens.
“For the US, the kinds of metrics that we would monitor that would summarize risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing,” Yellen said Saturday in a fireside conversation with Bloomberg News’ David Gura at the Texas Tribune Festival. “I’m attentive to downside risks” on employment, she said, while saying job growth is solid.