On Thursday, U.S. Treasury Secretary Janet Yellen expressed her confidence that the U.S. economy is on a steady path to attain a ‘soft landing,’ emphasizing its robust employment state. She conveyed her views following a speech at a lithium processing facility in North Carolina. Yellen highlighted the current economic situation, stating that there isn’t a pressing need for severe adjustments in monetary policy to avert the risk of inflation becoming entrenched. She recalled historical instances where the Federal Reserve’s stringent monetary policies had inadvertently led the economy into recessions, implying that such extreme measures might not be necessary at this juncture.
Yellen Says US Economy on Track for ‘Soft Landing’
