Economic news
U.S. can avoid recession, Yellen says
2022.12.08 15:58
[ad_1]
© Reuters. U.S. Treasury Secretary Janet Yellen testifies before a House Ways and Means Committee hearing on President Biden’s proposed 2023 U.S. budget, on Capitol Hill in Washington, U.S., June 8, 2022. REUTERS/Jonathan Ernst
FORT WORTH, Texas (Reuters) – The United States can avoid recession, given that there is no wage-price spiral and supply chain bottlenecks are starting to ease, U.S. Treasury Secretary Janet Yellen said on Thursday.
“Recession is not inevitable,” Yellen told reporters after speaking at an event in Fort Worth, Texas, adding that recent movements in the dollar’s value largely reflected fundamentals. She declined to say whether the dollar had peaked against other currencies.
[ad_2]
Source link
