Treasury Secretary Janet Yellen does not believe a recession is coming, but wouldn't say it was 'completely off the table.'
Treasury Secretary Janet Yellen does not believe a recession is coming, but wouldn't say it was"completely off the table."
Yellen said the country made a “very rapid [and] a dramatic rebound,” following the huge job loss and economic impact of the coronavirus pandemic. Similarly, acting United States Labor Secretary Julie Su said on Friday she was “not going to make predictions” as to whether the U.S. has successfully avoided a recession.
Yellen visited China for high-level meetings with her Beijing counterparts to strengthen U.S. relations with the country.
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