'I expect the economy to slow,' SecYellen says. 'It's been growing at a very rapid rate ... It's natural now that we expect a transition to steady and stable growth, but I don't think a recession is at all inevitable.'
A recession in the United States is not"at all inevitable," Treasury Secretary Janet Yellen argued Sunday, days after the Federal Reserve hiked interest rates and raised concerns that an economic downfall could be looming.
Treasury Sec. Janet Yellen tells @GStephanopoulos that a recession isn't “inevitable," but says inflation is"unacceptably high." — This Week June 19, 2022 "Although patterns of spending are changing, and higher food and energy prices are certainly affecting consumers and making them change their patterns of spending, but bank balances are high," Yellen said."It's clear that most consumers, even lower-income households, continue to have buffer stocks of savings that will enable them to maintain spending, so I don't see a drop off in consumer spending as the likely cause of a recession in the months ahead.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Treasury Sec. Yellen says only way to fix energy crisis is to ‘move to renewables’In a Sunday interview, Treasury Secretary Janet Yellen said she does not believe that record-high gas prices are a result of the Biden administration's policies.
Leer más »
US Treasury Secretary Janet Yellen says recession is not inevitableShe also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
Leer más »
Yellen: Recession not inevitable, gas tax holiday weighedTreasury Secretary Janet Yellen says she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable.
Leer más »
Yellen: Recession not inevitable, gas tax holiday weighedYellen offered a dose of optimism even as economists grow increasingly worried about a recession fueled by skyrocketing inflation and the Russian invasion of Ukraine.
Leer más »