Economic news
Yellen says U.S. economy being ‘resilient’, no recession in sight
2022.04.22 18:55
FILE PHOTO: U.S. Treasury Secretary Janet Yellen makes a speech about the current and future state of the U.S. and global economy at the Atlantic Council in Washington, U.S., April 13, 2022. REUTERS/Leah Millis/File Photo
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday said the U.S. economy was proving “very resilient” in the face of a series of shocks, and she did not foresee it tipping into recession.
“I don’t expect a recession,” Yellen told CNBC.
She said inflation may have peaked in the United States, but cautioned that prices may remain elevated “for a while longer.”
