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Yellen: "US Economy On Path To Soft Landing"

US

Wires carrying comments from Treasury Secretary Janet Yellen, speaking at the Wall Street Journal's CEO Council Summit, stating that, "inflation expectations well under control," and the US economy is, "on path to soft landing."

  • Yellen says, "inflation is meaningfully coming down," and she, "sees no reason why inflation shouldn't come down to fed's target."
  • Yellen says the labor market, "remains strong but is cooling," and "wage increases continuing at healthy pace."
  • States, there is, "no reason to believe last mile will be especially difficult," and the economy, "can continue to pe-rate at roughly full inflation."
  • Yellen adds that there is, "no evidence that inflation is becoming ingrained or that there is a wage price spiral."
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