After Being Wrong On Inflation, Treasury Secretary Yellen Claims US Isn’t In A Recession
Biden administration Treasury Secretary Janet Yellen – who repeatedly claimed last year that inflation was “transitory” – says that there are no signs that the United States economy is in a recession. “Look, the economy is slowing down. Last year it grew very rapidly at about 5.5%, and that succeeded in putting people back to work who had lost their jobs during the pandemic. The labor market is now extremely strong. Even just during the last three months, job gains averaged 375,000,” Yellen told moderator Chuck Todd on NBC’s “Meet the Press.” “This is not an economy that is in recession,” Yellen