No red lights flashing as US makes soft landing

Looking good: A file picture showing Yellen at a tour of the Internal Revenue Service processing facility last FrIday. While there are risks, she says the United States has managed to get inflation down meaningfully. — AFP

WASHINGTON: Treasury Secretary Janet Yellen says there are no “red lights flashing” for the financial system, and reiterates her view that the US economy has reached a soft landing even as job growth weakens.

“For the United States, the kinds of metrics that we would monitor that would summarise risks – whether it’s asset valuations or a good degree of leverage – things look good, I don’t see red lights flashing,” Yellen said last Saturday during a fireside conversation with Bloomberg News’ David Gura at the Texas Tribune Festival.