Yellen downplays US recession as wave of economic data looms

Posted on AllSides July 24th, 2022
From The Left
AP Photo/Jose Luis Magana

Treasury Secretary Janet Yellen on Sunday said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession.

Yellen spoke on NBC’s “Meet the Press” just before a slew of economic reports will be released this week that will shed light on an economy currently besieged by rampant inflation and threatened by higher interest rates. The data will cover sales of new homes, consumer confidence, incomes, spending, inflation, and overall output.

The highest-profile report will likely be Thursday, when the Commerce Department will release its first estimate...

Read full story

AllSides Picks

https://apnews.com/article/inflation-economy-prices-janet-yellen-948009cdbc67f5b6f9742a35f7214feb

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right