Janet Yellen said overall consumer spending in the United States remains strong, while noting that spending patterns are changing, given the impact of rising food and energy prices.
REHOBOTH BEACH, Del. — Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable.
Yellen said overall consumer spending in the United States remains strong, while noting that spending patterns are changing, given the impact of rising food and energy prices. Yellen said household savings during the coronavirus pandemic will help sustain spending. Yellen echoed Biden’s optimism in the face of economic headwinds. Biden in an interview with The Associated Press last week insisted that a recession is “not inevitable” and made the case that U.S. is “in a stronger position than any nation in the world to overcome this inflation.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Yellen: Recession not inevitable, gas tax holiday weighedTreasury Secretary Janet Yellen says she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable.
Les mer »
Here’s what Dallas-Fort Worth companies are doing to honor the Juneteenth federal holidayMany businesses across Dallas-Fort Worth are celebrating Black history by participating in events and parades. Others are giving employees the day off or an...
Les mer »
U.S. reviews China tariffs, possible pause on federal gas tax to curb inflationPresident Joe Biden's administration is reviewing the removal of some tariffs on China and a possible pause on federal gas tax as the United States struggles to tackle soaring gasoline prices and inflation, two top officials said on Sunday.
Les mer »
Opal Lee invites the public to annual Juneteenth Walk for FreedomThe Fort Worth woman who helped make Juneteenth a federal holiday is inviting people to join her on her annual Walk for Freedom.
Les mer »
US Treasury Secretary Janet Yellen says recession is not inevitableShe also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
Les mer »