“I do think there’s a path to bring down inflation while maintaining what I think all of us would regard is a strong labor market.' Treasury Secretary Janet Yellen discussed US jobs, inflation and what could come next in an exclusive interview
Last month’s upheaval within the banking sector hasn’t pushed America off course from achieving a soft landing, Treasury Secretary Janet Yellen told CNN’s Fareed Zakaria in an exclusive interview Friday. “I do think there’s a path to bring down inflation while maintaining what I think all of us would regard is a strong labor market,” Yellen said. “And the evidence that I’m seeing suggests we are on that path.” She added: “Are there risks? Of course.
Treasury, in conjunction with the Federal Reserve and the Federal Deposit Insurance Corporation, intervened after the regional bank failures to ensure bank customers could access all their money and to stave off future bank runs. The actions taken by the Treasury, Fed and FDIC “stemmed the systemic threat that existed,” Yellen told Zakaria. “Americans should note that America has a safe, strong banking system,” she said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yellen to CNN: Despite banking crisis, soft landing still possible | CNN BusinessLast month's upheaval within the banking sector hasn't pushed America off course from achieving a soft landing, US Treasury Secretary Janet Yellen told CNN's Fareed Zakaria in an exclusive interview Friday.
Read more »
US banks likely to pull back credit, Yellen tells CNNU.S. Treasury Secretary Janet Yellen said banks are likely to tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve rate hikes, according to a CNN interview transcript released on Saturday.
Read more »
Yellen says U.S. banks may tighten lending and negate need for more Fed rate hikesU.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures.
Read more »
Yellen says US banks may tighten lending and negate need for more rate hikes By Reuters*YELLEN SAYS U.S. BANKS MAY TIGHTEN LENDING AND NEGATE NEED FOR MORE RATE HIKES
Read more »
Yellen says US banks may tighten lending and negate need for more rate hikesU.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes.
Read more »