In an op-ed written in the Wall Street Journal, the top economic official signaled the U.S. is on the right economic path and touted the policies implemented in the Biden administration over the last three and a half years. But she also warned the U.S. needs to stay on track.
'Risks remain, but the data suggest that we’re on the path to a soft landing,' Yellen wrote just days after the Federal Reserve announced its largest interest rate cut in more than sixteen years.
Yellen pointed out that inflation has come down significantly from its peak while the U.S. unemployment rate remains at a near historic low. She also argued economic growth has been strong.
'Veering off course could jeopardize our economic trajectory,' Yellen wrote.
Comment:
This is the same Secretary that 3 years ago said the inflation is transitory, that followed by 10% inflation for 3 years...Just a thought.
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