February 25, 2023

Yellen Sees Soft Landing as Possible Outcome for US Economy

Treasury Secretary Janet Yellen said a soft landing is possible for the US economy thanks to its strong labor market and the absence of balance sheet problems like the ones that preceded the global financial crisis.

Her comments, delivered Friday to reporters at a briefing on the sidelines of the Group of 20 meeting of finance ministers and central bank governors in Bengaluru, India, echo her more positive tone on the global economic outlook outlined a day earlier.

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