US Treasury Secretary Janet Yellen will emphasize the dynamism of the US economy, despite high inflation and a 1.6% annual drop in US GDP in the first quarter, during a meeting today with Japan’s finance minister Sunichi Suzuki, as a senior US Treasury official told reporters.
Yellen will outline the steps Washington is taking to tackle inflation, while she will present her views on the dynamism of the US economy, which is based on the country’s strong labor force, but also on the historically low unemployment rate within the US.
At the same time, Yellen will emphasize the challenges facing the global economy since Russia’s invasion of Ukraine and its effects on the prices of everyday goods mainly for developing countries and emerging economies, as well as for the economy of Europe, for which, the consequences will be significant, according to the same official.
Source: Capital
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