Business Standard

Friday, January 17, 2025 | 06:32 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

US Treasury Secretary Yellen sees possible 'soft landing' for US economy

"The Fed will need to be skillful and also lucky, but I believe it's a combination that is possible," Yellen said

Janet Yellen, US Federal Reserve
Premium

Janet Yellen.

Bloomberg
US Treasury Secretary Janet Yellen said she expects solid growth in the coming year, with a possible “soft landing” for the economy as the Federal Reserve moves to bring down inflation.

“The Fed will need to be skillful and also lucky, but I believe it’s a combination that is possible,” Yellen said.

A number of economists have predicted a recession in 2023 as the Fed ramps up interest rates — including with a half-percentage-point hike anticipated later Wednesday.

But Yellen said that “a soft landing is possible.” The Treasury chief said that while consumer prices have surged, medium-term expectations for inflation haven’t been

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in