Yellen: ‘You Don’t Have A Recession’ When Unemployment At 53-Year Low

  • 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.”
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