Yellen: "You don't have a recession" when U.S. unemployment at 53-year low

February 07, 2023 | Christine Morin


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Treasury Secretary Janet Yellen took to the morning show circuit yesterday to reassure us she sees a path forward for inflation to come down without stirring up an economic apocalypse. Economists at Goldman Sachs also lowered their estimate on the possibility of a recession in the next year from 35% to 25%, thanks to the strong labour market.

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