STLA - Janet Yellen Says Economy Shows No Signs Of Downturn Too Soon To Forecast Potential Impacts Of UAW Strike | Benzinga
The U.S. economy is showing no signs of a recession on the horizon and it's too soon to make a call on the potential impacts of the U.S. auto industry strikes, according to Treasury Secretary Janet Yellen.
What To Know: Yellen highlighted recent data Monday morning showing that inflation continues to trend lower, the labor market remains healthy and consumer spending is still robust.
"I don’t see any signs that the economy is at risk of a downturn," Yellen said in an interview aired on CNBC's "Squawk On The Street."
"This is the best of all worlds to see continued strength in the economy, a good strong labor market and inflation moving down."
Although interest rates are much higher than they were, credit remains available, she said. The Biden cabinet member acknowledged there has been some cooling in the economy and a slowdown of growth from peak levels, but she ...