Sec. Yellen: ‘I Don’t See Any Signs that the Economy Is in Risk of a Downturn’
‘We still have a good, healthy labor market’
Sep 18, 2023 5:00 PM
By Grabien Staff
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EXCERPT:
YELLEN: “Well there are lags on the impact of monetary policy, on the economy, and we would expect to see some impacts. I think we've certainly seen it in the housing market. But look, we still have a good healthy labor market, consumer spending remains quite robust. We've seen strong industrial production. I don't see any signs that the economy is at risk of a downturn.”