Yellen says U.S. economy being 'resilient', no recession in sight
- Economy
- Reuters
- Published Date: 06:45 | 22 April 2022
- Modified Date: 07:11 | 22 April 2022
U.S. Treasury Secretary Janet Yellen on Friday said the U.S. economy was proving "very resilient" in the face of a series of shocks, and she did not foresee it tipping into recession.
"I don't expect a recession," Yellen told CNBC.
She said inflation may have peaked in the United States, but cautioned that prices may remain elevated "for a while longer."
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