Yellen sees disinflation pressures at work as hiring surge fades – Bloomberg News
6:58 am Tuesday, July 18th, 2023
(Reuters) – U.S. Treasury Secretary Janet Yellen said a cooling — but not faltering — labor market is playing a leading role in helping slow inflation, among a raft of factors imposing disinflationary pressures, Bloomberg News reported on Tuesday.
Yellen also told Bloomberg in an interview on Monday that the United States was making good progress in bringing inflation down and she did not expect the U.S. economy to enter a recession.
(Reporting by Kanjyik Ghosh in Bengaluru, Editing by Louise Heavens)
