×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: yellen

Yellen Says Not All Recessions Alike, Inflation Can Come Down Amid Strong Job Market

Yellen Says Not All Recessions Alike, Inflation Can Come Down Amid Strong Job Market
(Getty)

Tuesday, 21 June 2022 07:03 PM EDT

Treasury Secretary Janet Yellen said on Tuesday that she still views two quarters of negative growth as a good rule of thumb to indicate a recession, but believes it is possible to bring down inflation while maintaining a strong labor market.

"A shorthand of two quarters of negative growth is typically worked, and so a lot of people think of it that way," Yellen told reporters during a visit to the Rosebud Sioux Tribe reservation in South Dakota when asked how she would measure a recession. "But recessions aren't all the same.

"There are deep recessions. There are shallow recessions. There are recessions that have rapid recovery. There are recessions that might raise the unemployment rate slightly, but not a whole lot," she said.

© 2022 Thomson/Reuters. All rights reserved.


Newsfront
Treasury Secretary Janet Yellen said on Tuesday that she still views two quarters of negative growth as a good rule of thumb to indicate a recession, but believes it is possible to bring down inflation while maintaining a strong labor market."A shorthand of two quarters of...
yellen
124
2022-03-21
Tuesday, 21 June 2022 07:03 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved