U.S. Treasury's Yellen says Fed can bring down inflation without causing recession


Reuters | Washington DC | Updated: 12-05-2022 21:06 IST | Created: 12-05-2022 21:05 IST
U.S. Treasury's Yellen says Fed can bring down inflation without causing recession
File photo. Image Credit: ANI
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  • United States

U.S. Treasury Secretary Janet Yellen said that she believes the Federal Reserve can bring down inflation without causing a recession because of a strong U.S. job market and household balance sheets, low debt costs and a strong banking sector

Yellen told a U.S. House of Representatives Financial Services Committee hearing on Thursday that "all of those things suggest that the Fed has a path to bring down inflation without causing a recession, and I know it will be their objective to try to accomplish that."

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