Yellen told American media: It is not ruled out that there may be such a possibility in the United States. Secretary of the Treasury | Economic recession | United States
US Treasury Secretary: The possibility of an economic recession in the United States cannot be ruled out
On July 9th local time, US Treasury Secretary Yellen stated in an interview on a CBS program that there is a possibility of an economic recession following a slowdown in employment growth in the US labor market, but a slowdown in economic growth is normal.
Yellen stated that after the pandemic, the growth rate of the US economy has returned to normal levels driven by policies, and a slowdown in economic growth is reasonable. Yellen believes that although the employment growth in the labor market slowed down in June, it should be noted that the current labor market is still in a good state. She also stated that although the inflation rate is currently too high, it will decrease over time.
![Yellen told American media: It is not ruled out that there may be such a possibility in the United States. Secretary of the Treasury | Economic recession | United States](https://a5qu.com/upload/images/582a37cc316c745ebd663c7e1eb0bc08.jpg)