US Treasury Secretary Janet Yellen stated that rising real rates may impact the Federal Reserve's decision on the rate path. She also mentioned that the labor market remains strong but is cooling, and wage increases are continuing at a healthy pace. Yellen expressed confidence that inflation is coming down meaningfully and sees no reason why it shouldn't come down to the Fed's target. She believes the US economy is on the path to a soft landing and doesn't forecast evidence of ingrained inflation or a wage-price spiral. Yellen also noted that there are risks on the horizon but doesn't forecast the risk of recession as particularly high. She highlighted that the Middle East war has the potential to affect the global economy if it expands.
"I think this is a soft landing," Treasury Secretary Janet Yellen tells @SaraEisen. "This is not to say Americans are feeling great about the economy." https://t.co/SJWN7ASGyO https://t.co/UT9QuquvZK
🔸 YELLEN SAYS U.S. WILL HAVE A SLIGHTLY TOUGHER JOB TO CONTROL DEFICITS IF THE INTEREST RATE ENVIRONMENT REMAINS 'VERY MUCH HIGHER' THAN EXPECTED
YELLEN NOTES THERE ARE RISKS ON THE HORIZON, BUT DOESN'T FORECAST RISK OF #RECESSION AS PARTICULARLY HIGH
🔴 US TREASURY SECRETARY YELLEN: THE MIDDLE EAST WAR HAS THE POTENTIAL TO AFFECT THE GLOBAL ECONOMY IF IT EXPANDS.
🔴 US TREASURY SECRETARY YELLEN: THERE ARE RISKS ON THE HORIZON, BUT I DON'T SEE THE RISK OF RECESSION AS PARTICULARLY HIGH.
🔸YELLEN NOTES THERE ARE RISKS ON THE HORIZON, BUT DOESN'T FORECAST RISK OF RECESSION AS PARTICULARLY HIGH
🔴 US TREASURY SECRETARY YELLEN: TURBULENCE IN THE JOB MARKET HAS REALLY SETTLED DOWN, NO SIGNIFICANT UPTICK IN LAYOFFS - CNBC INTERVIEW.
YELLEN SAYS INFLATION COMING DOWN 'MEANINGFULLY' (Reuters) Yellen said she believes inflation is coming down "meaningfully," and with inflation expectations under control it should not be particularly difficult to finish the "last mile" of the job of easing price pressures. https://t.co/PM6j1HEz2l
US Treasury Secretary Janet Yellen said Tuesday she doesn’t believe the “last mile” in returning inflation to the Federal Reserve’s 2% goal will be especially difficult. https://t.co/lm0laGfmT0
*YELLEN: HIGH LONG-TERM RATES WOULD PUT STRESS ON FISCAL OUTLOOK
US Treasury Secretary Janet Yellen said Tuesday she doesn’t believe the “last mile” in returning inflation to the Federal Reserve’s 2% goal will be especially difficult. https://t.co/oz15pUTzXA
🔸YELLEN: CLIMBING REAL RATES MAY IMPACT FED DECISION ON RATE PATH 🔸YELLEN: DON'T FORECAST EVIDENCE INFL. INGRAINED OR WAGE-PRICE SPIRAL
🔴 US TREASURY SECRETARY YELLEN: PRICES ARE RISING AT A MUCH SLOWER RATE THAN BEFORE, BUT THE LEVEL OF PRICES, INCLUDING RENTS, ARE STILL HIGHER.
🔴 US TREASURY SECRETARY YELLEN: IT IS NOT NECESSARY TO HAVE HIGH UNEMPLOYMENT TO LOWER INFLATION.
🔴 US TREASURY SECRETARY YELLEN: THE US ECONOMY ON THE PATH TO A SOFT LANDING.
🔴 US TREASURY SECRETARY YELLEN: RISING REAL RATES MAY IMPACT THE FED'S DECISION ON THE RATE PATH.
🔸 YELLEN: RISING REAL RATES MAY IMPACT FED DECISION ON RATE PATH
🔸 YELLEN: INFLATION IS MEANINGFULLY COMING DOWN 🔸 YELLEN SEES NO REASON WHY INFLATION SHOULDN'T COME DOWN TO FED'S TARGET 🔸 YELLEN: LABOR MARKET REMAINS STRONG BUT IS COOLING 🔸 YELLEN SEES NO REASON WHY INFLATION SHOULDN'T COME DOWN TO FED'S TARGET
🔴 US TREASURY SECRETARY YELLEN: THERE'S NO REASON TO BELIEVE THAT THE LAST MILE WILL BE ESPECIALLY DIFFICULT.
🔴 US TREASURY SECRETARY YELLEN: WAGE INCREASES CONTINUING AT A HEALTHY PACE.
🔴 US TREASURY SECRETARY YELLEN: THE LABOR MARKET REMAINS STRONG, BUT IS COOLING.