Treasury Secretary Yellen: There is a bit more slacking labor market than previously ...Middle East

The former Fed chair and current Treasury Secretary Janet Yellen is speaking on CNBC and says:Banking system is well-capitalized.A good deal of thought is going into how to shore up liquidity, access to Fed's discount window. US labor market, inflation suggests were on a path to a soft landing.There is a bit more slacking a labor market than previouslyAppears to be an expectation among Fed that rates will come down furtherOver time if we stay on that path rates will decline to neutralIt will be necessary to get US deficits down in order to keep the interest costs manageableThe last mile of inflation is housing.Looking back the largest single risk was unemployment would go higher, and into pl

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