According to Reuters, US Treasury Secretary Janet Yellen stated on Tuesday that, Since the economy was operating at full employment, US growth needed to slow to a rate more in line with its potential growth rate for inflation to return to target levels..
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“I think the most likely thing is that the Chinese will use the political space they have to try to avoid a major slowdown.”
“Growth has to slow to be in line with potential when operating at full employment.”
“It is completely natural and desirable for growth, the pace of growth, to slow down.”
“There may be spillover effects from China’s economic difficulties to the US.”
“The imbalances between demand and supply in the US labor market have receded.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
