China's ailing economy poses risks – but there won't be a recession in the US, Janet Yellen says

Mon, 07/17/2023 - 11:14

Tech Insider

Economy

• The US isn't going to suffer a recession, Janet Yellen said Monday.
• "Growth has slowed, but our labor market continues to be quite strong," she told Bloomberg.
• But China’s economic slowdown does pose risks, the Treasury Secretary warned.

The US recession that some economists have been predicting for 18 months or longer might now not come after all, according to Janet Yellen.

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economy, Janet Yellen, China, Growth, Job Market, Recession

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China's ailing economy poses risks – but there won't be a recession in the US, …