Published 2 years ago

'Certainly a risk' of US recession, says Treasury Secretary Janet Yellen

Summary by Ground News

US faces "a risk" of recession as its battle against inflation could slow the nation's economy. But a serious downturn can still be avoided, Treasury Secretary Janet Yellen said. Faced with soaring inflation - it reached its highest level in 40 years in June at 9.1 per cent.

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CNN

Yellen says inflation and higher gas prices remain a 'risk'

Treasury Secretary Janet Yellen said Sunday that there is a "risk" that US gas prices could rise again later this year, as fears grow over the possibility that Americans' wallets could be strained by a spike in prices similar to the one seen this summer.

2 years ago·Atlanta, United States

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Channel News Asia

'Certainly a risk' of US recession, says Treasury Secretary Janet Yellen

WASHINGTON: The United States faces "a risk" of recession as its battle against inflation could slow the nation's economy, but a serious downturn can still be avoided, Treasury Secretary Janet Yellen said on Sunday (Sep 11). An American recession "is a risk when the Fed is tightening monetary policy t

2 years ago·Singapore

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The Korea Times

'Certainly a risk' of US recession, Yellen says

The United States faces "a risk" of recession as its battle against inflation could slow the nation's economy, but a serious downturn can still be avoided, Treasury Secretary Janet Yellen said Sunday.

2 years ago·Korea, Republic of

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The Journal

'Certainly a risk' of US recession, says US Treasury Secretary

Janet Yellen added that ‘we’ve got a good strong labor market, and I believe it’s possible to maintain that.’

2 years ago·Ireland

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timcast

'It's A Risk': Treasury Secretary Janet Yellen Warns Of Higher Gas Prices This Winter

United States Treasury Secretary Janet Yellen warned that gas prices were at risk of rising this winter Sunday on CNN.On Sunday’s episode of CNN’s “State of the Union” hosted by Dana Bash, Yellen was asked if Americans should be prepared for rising gas prices in the winter.“Well, it’s a risk, and it’s a risk that we’re working on the price cap to try to address,” Yellen told Bash. “This winter the European Union will cease, for the most part, bu…

2 years ago

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Longview News-Journal

Yellen hopeful economy will avoid recession

WASHINGTON — Treasury Secretary Janet Yellen said she remains hopeful the U.S. economy can avoid recession, but added that Americans understand the need for the Federal Reserve to conquer inflation.

2 years ago

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