Yellen: ‘You Don’t Have A Recession’ When Unemployment At 53-Year Low
View Source | February 6, 2023 9:03 pm
Continue to Article
- Yelllen acknowledged that inflation still remains too high but said she saw a path for avoiding a recession.
- She pointed to inflation coming down significantly and the economy remaining strong, considering the strength of the U.S. labor market.
- “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years,” Yellen said on ABC’s “Good Morning America.” “What I see is a path in which inflation is declining significantly and the economy is remaining strong.”
Share This Article: