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Yellen sees solid growth and possible 'soft landing' for US economy

A number of economists have predicted a recession in 2023 as the Fed ramps up interest rates

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“I believe in a market-based value for the dollar,” Yellen said. The Fed is raising interest rates, she said, and that’s attracting investors to higher-yielding U.S. securities. “In a way that’s part of how a tighter monetary policy works"

Christopher Condon | Bloomberg

3 min read Last Updated : May 04 2022 | 11:05 PM IST

U.S. Treasury Secretary Janet Yellen said she expects solid growth in the coming year, with a possible “soft landing” for the economy as the Federal Reserve moves to bring down inflation.

“I do believe we’re going to see solid growth in the coming year,” Yellen said in an interview at a Wall Street Journal event Wednesday. “The Fed will need to be skillful and also lucky, but I believe it’s a combination that is possible.”

A number of economists have predicted a recession in 2023 as the Fed ramps up interest rates -- including with a half-percentage-point hike anticipated later

Topics : US economy Janet Yellen

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