Yellen: US economy still solid despite risks

By Agence France-Presse

Jul 21, 2022 12:09 am

WASHINGTON, D.C.: The United States economy is on solid footing and in a good position to avoid a downturn, even amid rising interest rates, but still faces a number of global hazards, US Treasury Secretary Janet Yellen said on Tuesday.

While it will be 'appropriate' to see slower growth now that the world's largest economy has recovered from the pandemic downturn, the American consumer remains in good shape amid a strong job market, Yellen told nonprofit media organization National Public Radio or NPR.

CAUTIOUS COMMENTS United States Treasury Secretary Janet Yellen speaks during a lunch meeting with female entrepreneurs in Seoul, South Korea on Tuesday, July 19, 2022. AFP PHOTO

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