MEXICO CITY (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that economists who predicted that high U.S. unemployment would be needed to tame inflation are “eating their words” as the economy experiences little weakness in the labor market and consumer demand with prices moderating.
“We’re not seeing the usual signs of a weakening labor market that would make you fear a recession,” Yellen told reporters on a trip to Mexico City.
Source: Economy - investing.com
