Yellen on soft-landing prediction: ‘I believe that’s exactly what we’re seeing in the economy’ ...Middle East

Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy is making the “soft landing” that she predicted two years ago, when inflation soared after the pandemic. In a live interview during The Atlantic Festival 2024, journalist Ron Brownstein recalled their interview in 2022, when, he said, “there was a great deal of apprehension about the economy, about the Biden administration's management of the economy.” “Well, here we are now, two years later: unemployment 4.2, inflation under 3 percent, Fed finally, cutting interest rates,” he said. “I know Taylor Swift has been in the news a lot lately, so let me ask you: Are we out of the woods?” Yellen cautioned aga

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