Yellen does not believe there is a recession in the United States
During a meeting in India with the G20, the US Treasury Secretary, Janet Yellen, stated that she does not believe the country will enter a recession and highlighted the slowdown in inflation
The United States Treasury Secretary, Janet Yellen, indicated this Sunday in India during her meeting with the G20, that the country’s economy is showing a good change, so she does not believe that they will enter a recession.
Speaking to Bloomberg TV, Yellen said the slowdown in inflation is on the right track, adding: “For the United States, growth has slowed, but our job market is still pretty strong. I don’t expect a recession.”
Taking into account the most recent inflation data, the official considers that the scenario is encouraging, beyond China’s concern regarding US tariffs last month on his visit to the US.
Yellen hinted that the United States could issue a new decree “restricting outbound investment in China, but stressed that the measures would focus strictly on three sectors: semiconductors, quantum computing and artificial intelligence.”
What is sought is greater control, through strict notification procedures, but not blanket controls that hinder US investment in China.
M.Pino
Source: finanzasdigital
(Reference image source: Aditya Vyas, Unsplash)
Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram
