Yellen ‘feeling very good’ about soft landing for US economy

U.S. Treasury Secretary Janet Yellen addresses the media, ahead of the G20 Summit in New Delhi, India, September 8, 2023. REUTERS/Francis Mascarenhas

NEW DELHI: Treasury Secretary Janet Yellen says she’s increasingly confident that the United States will be able to contain inflation without major damage to the job market, hailing data showing a steady slowdown in inflation and a fresh influx of job seekers.

“I am feeling very good about that prediction,” Yellen said when asked about her previous hopes that the United States would avoid a recession while still reining in consumer-price gains.