Axel will also speak about the US Treasury Secretary. He made a separate statement.
“There is no recession”
The US Federal Reserve has raised interest rates by 4.50% from March 2022 to combat high inflation. Many analysts believed that it was only a matter of time before the US economy fell into recession as a result of these rate hikes.
Current US Treasury Secretary Janet Yellen sees things very differently. There is no question of a recession, she says.
Overall, we see the US economy slowing down a bit, but Yellen’s words about the “recession problem” are very clear: “You don’t have a recession if you add 500,000 jobs in a month and hit the bottom in 50 years.”
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
