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US Treasury weighs in on recession prospects
Secretary Janet Yellen says that despite serious issues, a recession is not certain at this point A full recession in the US is not “at all inevitable” despite an economy that is slowing down, Treasury Secretary Janet Yellen claimed on ABC’s This Week program on Sunday. “As the labor market has recovered and we have reached full employment, it’s natural now that we expect to transition to steady and stable growth,” she said, arguing that while maintaining a strong labor market “is going to take skill and luck,” it’s not impossible. The Treasury secretary insisted “consumer spending remains very strong” despite rec

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