U.S. Treasury Sec. Janet Yellen Speaking: ▪ "There could be revisions to GDP data" ▪ "We're on a downward path for Inflation" ▪ "Fed wants to see additional evidence of a sustainable decline in Inflation" ▪ "I certainly don't see the US economy as overheated."
*YELLEN: WANT WORLD TO DO WELL, BUT FED'S PRIORITY IS US ECONOMY
🚨🚦YELLEN: FED WANTS TO SEE ADDITIONAL EVIDENCE OF A SUSTAINABLE DECLINE IN INFLATION
YELLEN: FED WANTS TO SEE ADDITIONAL EVIDENCE OF A SUSTAINABLE DECLINE IN INFLATION
YELLEN: CERTAINLY DON'T SEE THE USA ECONOMY AS OVERHEATED
YELLEN SAYS: I STILL SEE IN UNDERLYING CORE DRIVERS OF ECONOMIC ACTIVITY CONSIDERABLE STRENGTH
YELLEN SAYS: U.S. ECONOMY SHOWS ROBUST GROWTH, FIRING ON ALL CYLINDERS YELLEN SAYS: I STILL SEE IN UNDERLYING CORE DRIVERS OF ECONOMIC ACTIVITY CONSIDERABLE STRENGTH
U.S. TREASURY'S YELLEN SAYS: GDP DATA SHOWS STRENGTH IN CONSUMER, INVESTMENT SPENDING -REUTERS INTERVIEW
U.S. Treasury Secretary Janet Yellen, in various statements, highlights the strength in consumer and investment spending as shown by GDP data. She emphasizes robust growth in the U.S. economy, with core drivers of economic activity exhibiting considerable strength. Yellen dismisses concerns of the U.S. economy being overheated and mentions the Fed's need for further evidence of a sustainable decline in inflation. Additionally, she underscores the Fed's focus on the U.S. economy despite wanting global prosperity.