U.S. Treasury Secretary Yellen: Confident that the U.S. economy will achieve a soft landing

161

U.S. Treasury Secretary Janet Yellen said on her return from the G20 summit on Sunday that she was “increasingly confident” that the United States will be able to curb inflation without causing significant damage to the job market.

Every indicator of inflation is declining.

Although the U.S. unemployment rate rose in August after hitting its lowest level in more than half a century earlier this year, the jump was not caused by a massive wave of layoffs.