Treasury Secretary Yellen Confident in US Economy, Contemplates Limiting Investment in China
In a recent interview at the esteemed Group of Twenty (G20) meeting of finance ministers, US Treasury Secretary, Janet Yellen, expressed optimism about the state of the American economy. Yellen assured that the nation is making remarkable strides in curbing inflation and dismissed any concerns of an impending recession.
While there are growing fears regarding China’s dwindling economic growth, Yellen acknowledged the possibility of this having a ripple effect on global economies. However, she emphasized that the US economy remains steadfast on its path to curbing inflation.
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Yellen expects the US economy will not go into recession and will push new executive orders to limit investment in China
US Treasury Secretary Yellen said in an interview on the sidelines of the Group of Twenty (G20) meeting of finance ministers that the US has made good progress in reducing inflation and that the US economy is not expected to fall into recession. Yellen mentioned that the slowdown in China’s economic growth could spread to other economies, but the US economy is on a good path to reduce inflation…
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