US Treasury Secretary Janet Yellen: Does not think the US is going to have a recession By ross_burland UnitedStates DollarIndex Fed Equities
Speaking at a New York event, US Treasury Secretary Janet Yellen explained that she does not think the US is going to have a recession. Expects growth to slow down, but consumer spending is very strong, and investment spending is solid.It's unlikely that gasoline prices will fall anytime soon.Amazing how pessimistic households are given job gains.
In response to a question about how she had initially framed inflation, Yellen said: “When I said that inflation would be transitory, what I was not anticipating was a scenario in which we would end up contending with multiple variants of Covid that would be scrambling our economy and global supply chains.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury Sec. Yellen: Biden Administration looking to make China tariffs more ‘stratetic’President Joe Biden’s Administration is looking to “reconfigure” tariffs imposed on Chinese goods under former President Donald Trump to make them mor
Read more »
Treasury yields mixed ahead of ECB meeting as investors await U.S. inflation readingTreasury yields are mixed in early trade Thursday.
Read more »
Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary's Decisions – Economics Bitcoin NewsU.S. Treasury secretary Janet Yellen doesn't think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. Economics Inflation
Read more »
Gas prices: 11 US states averaging over $5 per gallon amid rising oil costs, high demandThe national average gallon of regular gas in the U.S. hit a new record on Tuesday of $4.919, according to AAA.
Read more »
Shell lures Texans with green power from new U.S. retail businessShell launched a new green power business for homes across Texas on Tuesday, aiming to lure customers with plans including free charging for electric vehicles during off-peak hours and credit for excess solar power homeowners export to the grid.
Read more »
2 Katy brothers accused of hurling objects at officers during U.S. Capitol riotTwo brothers from Katy have been charged in connection to the U.S. Capitol riot on January 6, 2021, and are accused of hurling objects at law enforcement officers.
Read more »