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Yellen: Economy Slowing, But Operating At Healthy Level

US

US Treasury Secretary Janet Yellen speaking at the NYT Dealbook summit says that a jobless rate of around 4% is healthy in comparison to past rates and that there is no need for sizeable redundancies, says "The US economy is slowing down but it's operating at a very healthy level."

  • Says that China's economy is "in a difficult place" due to its zero COVID strategy. “China's growth is slowing to the point where it will negatively impact the global economy”
  • With speculation that she could step down from her position - states that she 'intends to stay on' as Treasury Sec.
  • Yellen: "I believe it is certainly possible for us to have a soft landing." Although, "there are risks that remain."
  • Yellen: "The Fed probably has a more important role than any other single thing," regarding the US economic trajectory.
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USHomepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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