Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Janet Yellen: 'You don't have a recession' with unemployment at 50-year low

Despite stubbornly high inflation and rising interest rates, the economy may avoid a recession this year, according to Treasury Secretary Janet Yellen.

Treasury Secretary Janet Yellen on Monday said she sees a path in which the U.S. economy avoids a recession, citing a slow-but-steady decline in inflation, strong job growth and a historically low unemployment rate.

"You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years," Yellen said during an interview on ABC's "Good Morning America." "What I see is a path in which inflation is declining significantly, and the economy is remaining strong."

This is a developing story. Please check back for updates.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.