Yellen inflation can come down amid strong job market

"A shorthand of two quarters of negative growth is typically worked, and so a lot of people think of it that way," Yellen told reporters during a visit to the Rosebud Sioux Tribe reservation in South Dakota when asked how she would measure a recession

ROSEBUD, South Dakota: U.S. Treasury Secretary Janet Yellen said on Tuesday that she still views two quarters of negative growth as a good rule of thumb to indicate a recession, but believes it is possible to bring down inflation while maintaining a strong labor market.

"A shorthand of two quarters of negative growth is typically worked, and so a lot of people think of it that way," Yellen told reporters during a visit to the Rosebud Sioux Tribe reservation in South Dakota when asked how she would measure a recession.