Treasury Secretary Janet Yellen Says "You Don't Have a Recession" with an Unemployment Rate at 50-Year Low
Speaking on ABC’s “Good Morning America” program, U.S. Treasury Secretary Janet Yellen has stated “you don’t have a recession,” amidst current job data along with the country’s unemployment rate at a 50-year low. Specifically, Yellen noted the unemployment figures, along with the current 500,000 jobs, as a basis for why she does not observe a recession. Conversely, the statements arrived just two weeks after the Treasury Secretary spoke of the country’s recessionary risk due to the Federal Reserve. JUST IN: 🇺🇸 Treasury Secretary Janet Yellen says "you don't have a recession when you have 500,000 jobs & the lowest unemployment rate in more than 50 years." — Watcher.Guru (@WatcherGuru) February 6, 2023 Janet Yellen Speaks Against Recession Risk A potential recession has been a constant fear for many economic experts. As the Federal Reserve executed its year-long fight against inflation throu...