US Treasury Secretary Yellen remarks:
- Believes there is a path to bringing down inflation while maintaining a strong labor market
- Traditional recession measure of two consecutive quarters of negative growth 'has typically worked' but recessions aren't all alike
- Most economists do not believe the US will enter recession because they are taking into account unique post-pandemic economic features
- An increase in low labor force participation could take some pressure off inflation
Headlines via Reuters
Optimistic Yellen.
