Yellen says economy would slow down but recession unlikely
She expects economic growth in the US to be slower
By Yashasvini Razdan
Published - Jun 10, 2022, 01:29 AM ET
Last Updated - Mar 01, 2024, 03:03 PM EST
• She expects economic growth in the US to be slower
US Treasury Secretary Janet Yellen said on Thursday that the nation’s economy would slow as the Federal Reserve raised interest rates but she did not anticipate a recession.
“I don't think we're (going to) have a recession. Consumer spending is very strong. Investment spending is solid,” she told a New York Times Dealbook event.