U.S. Treasury Secretary Yellen: Since full employment has been achieved, the slowdown in U.S. economic growth needs to match its potential

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U.S. Treasury Secretary Janet Yellen said that given that the economy is operating at full employment, U.S. economic growth needs to slow to a level more in line with its potential growth rate in order to bring inflation back to target levels.

I think the Chinese are likely to use the policy space they have to try to avoid a severe slowdown.

At full employment, economic growth must slow to keep pace with potential growth.

A slowdown in economic growth and growth is entirely natural and appropriate.

China’s economic difficulties may spread to the United States.

The imbalance between supply and demand in the U.S. labor market has been alleviated.

The above speech does not seem to have a significant impact on market risk sentiment.