Yellen Says China Slowdown Risks Spillovers But No US Recession

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Treasury Secretary Janet Yellen said China’s economic slowdown risks causing ripple effects across the global economy, though she doesn’t expect a recession in the US.

“Many countries do depend on strong Chinese growth to promote growth in their own economies, particularly countries in Asia — and slow growth in China can have some negative spillovers for the United States,” Yellen said in a Bloomberg Television interview Monday hours after a raft of Chinese economic data came in weaker than expected.

In the US, “growth has slowed, but our labor market continues to be quite strong — I don’t expect a recession,” Yellen said. The economy is on a “good path” to bring inflation down without a major weakening in the labor market, she said.

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I thought she just complained China invested too much and grew too fast too big???

sophiachenxm
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How long can they keep lying to themselves?

benbo
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We have A big Grandpa and now we have another Grandma for control our Country!!!! Badly time for America

jamesnguyen
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I believe her, I mean she was totally right about the transitory inflation 🙄

commonsense
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Keep printing USD- no recession- only hyperinflation

teatree
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Her speeches are these last suitas an orchestra played on Titanic as it’s been immersing into the abyss.

ergnoor
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So glad you and Biden are working for the Chinese

johnsplumbingwaterheaters
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I feel sorry for her. I remember slow learners in grade school

timgibson
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Rubbish statement about inflation down

leelaitiam
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everything she says is wrong, go take a nap with sleepy Joe‼️

maynotbe
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Thank you Madam Secretary of Treasury of the United States of America, Janet Yellen, you are highly respected and loved when it comes keeping the world economics both in micro and macro level intact. Your recent visit of China has demonstrated, what an excellent job you are doing on behalf of the United Sates of America. Thank you Madam.

TB-yfqw