Yellen Says Fed Can Bring Down Inflation Without Causing Recession (yahoo.com) 72
Posted by msmash on Thursday May 12, 2022 @11:06AM from the how-about-that dept.
U.S. Treasury Secretary Janet Yellen said that she believes the Federal Reserve can bring down inflation without causing a recession because of a strong U.S. job market and household balance sheets, low debt costs and a strong banking sector. From a report:
Yellen told a U.S. House of Representatives Financial Services Committee hearing on Thursday that "all of those things suggest that the Fed has a path to bring down inflation without causing a recession, and I know it will be their objective to try to accomplish that."
https://news.slashdot.org/story/22/05/1 ... -recession