US TREASURY SEC YELLEN: I THINK WE'RE ACHIEVING LOWER INFLATION
In an interview with CNBC on Monday, US Treasury Secretary Janet Yellen said that she doesn't see any signs suggesting that the US economy is in a downturn, as reported by Reuters.
Key takeaways
"US had good, strong labor market and it is important for workers to be able to realize gains."
"Labor market is cooling but without significant layoffs."
"Consumer spending remains robust."
"Would expect to see some impact of Fed tightening, already seen in the housing market."
"I think we're achieving lower inflation."
"Watching oil prices very closely."
"There's absolutely no reason for a government shutdown."
"We want congress to stay focused and avoid anything that could cause the economy to lose momentum."
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.