Achieving a Soft Landing: US Treasury Secretary Yellen’s Take on the Current State of the Economy
On Friday, April 15th, US Treasury Secretary Yellen stated in an interview with CNN that the internal turmoil in the banking industry last month did not derail the US from achievin
On Friday, April 15th, US Treasury Secretary Yellen stated in an interview with CNN that the internal turmoil in the banking industry last month did not derail the US from achieving a soft landing. He believes that while maintaining what everyone believes is a strong labor market, the United States has a way to reduce inflation. Although he does not want to underestimate the risks, he does believe that a soft landing of the economy is possible. He also stated that the market has seen that the supply chain bottlenecks that stimulate inflation are starting to be resolved, and in addition, the current housing prices have basically stabilized. The US economic data released this week shows signs of continued cooling in areas such as inflation and consumer spending. (Golden Ten)
US Treasury Secretary Yellen: There is still a possibility of a soft landing for the US economy
Introduction
On April 15th, 2022, US Treasury Secretary Yellen gave an interview expressing his optimism about the state of the US economy. Despite recent internal turmoil in the banking industry and supply chain bottlenecks, Yellen believes that the US has not been derailed from achieving a soft landing. In this article, we will examine Yellen’s perspective on the current state of the economy and how it can lead to a soft landing.
The Strong Labor Market
Yellen believes that the US continues to maintain a strong labor market that will contribute to the soft landing of the economy. Despite the setback of the banking turmoil, Yellen states that employment in industries such as leisure and hospitality is recovering rapidly. This has led to increased consumer spending and confidence, which will further stimulate the economy.
Reducing Inflation
In addition to maintaining a strong labor market, Yellen believes that the US has a way to reduce inflation. He mentions that the supply chain bottlenecks that have been stimulating inflation are starting to be resolved. Moreover, he points out that the recent stabilizing of housing prices has also contributed to reducing inflation. Yellen acknowledges that there are risks involved, but he is optimistic about the measures taken to address inflation.
Continued Cooling of Inflation and Consumer Spending
The US economic data released last week shows signs of continued cooling in areas such as inflation and consumer spending. Yellen views this as a positive sign for the soft landing of the economy. He states that the measures taken to address inflation are working, and consumer spending is showing a trend towards normalcy. Overall, the US is on the right track to achieve a soft landing.
FAQs
**Q: What is a soft landing in economics?**
A: A soft landing refers to a moderate decline or stabilization of an economy after a period of rapid growth.
**Q: What is the current state of the US labor market?**
A: The US labor market is recovering rapidly, with employment in industries such as leisure and hospitality increasing.
**Q: How is the US addressing inflation?**
A: The US is addressing inflation by resolving supply chain bottlenecks and stabilizing housing prices.
Conclusion
Despite the recent internal turmoil in the banking industry and supply chain bottlenecks, US Treasury Secretary Yellen remains optimistic about the US economy. He believes that maintaining a strong labor market and addressing inflation will lead to a soft landing. The recent cooling in areas such as inflation and consumer spending is a positive sign for the US economy.
#
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/16221/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Binance Caught Misappropriating Funds
On February 27, it was reported that Binance had misappropriated nearly US $1.8 billion of B-peg USDC collateral assets from August 17 to 24, 2022, of which US…
-
Quick Action of Thieves in the Cryptocurrency Market
It is reported that, according to Paidun monitoring, Othedeed # 96085 was sold at 2.2ETH on the OpenSea platform within 6 minutes after it was stolen.
…
-
The Federal Reserve’s Balance Sheet: An Overview of Its Expansion
According to reports, the size of the Federal Reserve\’s balance sheet has expanded by approximately $100 billion to $8.78 trillion compared to last week.
The size of the Federal Re -
What does Bitcoin Difficulty mean (Bitcoin Difficulty Adjustment)
What does Bitcoin Difficulty mean? What is Bitcoin Difficulty? Bitcoin Difficult
-
Marathon Digital May Use Signature Bank Deposit to Pay Invoices
According to reports, Marathon Digital, a Bitcoin miner, said that the company could use the $142 million cash deposit of Signature Bank. The company said in a statement that it could manage these funds and pay invoices in the normal course of business. Marathon also confirmed that the company has no direct business relationship with Silicon Valley Bank. Last week, Marathon said that he had repaid the term loan of Silvergate Bank and ended the credit arrangement with the bank. According to the previous news, the US federal banking regulator has promised to return all deposits of Silicon Valley Bank and Signature Bank customers. （The Block） Marathon Digital: $142 million of cash deposited in Signature Bank has been available Analysis based on this information:Marathon Digital, a prominent Bitcoin miner, has recently announced that it may utilize its $142 cash deposit from Signature Bank to pay for invoices in the normal course of business. The company expressed confidence in its ability…
-
Uniswap Announces Launch of BNB Chain for Faster and Cheaper Transactions
It is reported that Uniswap has announced the launch of BNB Chain. Uniswap stated that, like Polygon and Arbitrum, BNB Chain typically provides faster and cheaper transactions than the main Ethereum network, making Uniswap more easily accepted by a wider audience. Uniswap Announces Online BNB Chain Analysis based on this information:Uniswap, one of the leading decentralized exchanges (DEXs) in the cryptocurrency space, has recently announced the launch of BNB Chain. This development is aimed at providing faster and cheaper transactions for Uniswap users. BNB Chain is now the third layer-two scaling solution introduced by Uniswap after Polygon and Arbitrum. According to Uniswap, BNB Chain offers an alternative to the main Ethereum network, where transaction fees and network congestion have caused several issues. This development is expected to make Uniswap more efficient and accessible to a wider audience. Uniswap users can now transfer their assets to BNB Chain seamlessly and enjoy the benefits of faster and cheaper transactions. With the Ethereum…
-
Astar Network Launches Its Second Iteration of Smart Contracts Supporting EVM and WASM VMs
According to reports, the multi chain decentralized application protocol Astar Network will launch its second iteration of smart contracts supporting Ethereum Virtual Machines (EVM
-
Arthur Hayes Transfers $1.94 Million Worth of LDOs to Coin An
It is reported that according to Twitter user ember monitoring, Arthur Hayes, founder of BitMEX, transferred 785000 LDOs to Coin An, with a value of 1.94 million dollars. Arthur Hayes proposed this part of LDO from FTX in August 2022. The founder of BitMEX transferred $1.94 million worth of LDO to Qian An Analysis based on this information:BitMEX founder Arthur Hayes reportedly transferred 785,000 LDOs to Coin An, valued at $1.94 million, according to a tweet by Ember monitoring. It is said that Hayes received this portion of LDOs from FTX in August 2022. The transfer of such a large amount of LDOs raises several questions. Firstly, what motivated Hayes to make this transfer? Secondly, what is the significance of Coin An in this transaction? LDO, or Liquity DAO, is the governance token of Liquity, a decentralized borrowing protocol built on Ethereum. The token allows holders to participate in the voting process for new protocol upgrades and fee structures. Hayes’…
-
The Grayscale vs SEC Lawsuit: A Battle for Regulatory Clarity in the Crypto Industry
According to reports, in response to Grayscale\’s lawsuit against the SEC, Bloomberg senior litigation analyst Elliot Stein said, \’We believe the SEC has a 60% support rating, but w
-
Meta Platforms Explores Decentralized Social Network
According to reports, a spokesman for Meta Platforms Inc said on Friday that the company is exploring an independent decentralized social network for sharing t…
-
Gemini Reports Large BTC Transfer to Unknown Wallet
It is reported that 2152 BTCs were transferred from Gemini to unknown wallet at 06:43 today, with a value of about 51.8 million dollars.
About $51.8 mi…
-
What is Flow Coin (Flow Coin NFT)?
What is Flow Coin? FLOW Coin is a decentralized network that provides everyone
-
Crypto.com Obtains Preliminary License to Operate in Dubai
On March 20th, according to the official blog, Crypto.com announced that it had obtained a MVP preliminary license from the Dubai Virtual Assets Regulatory Authority (VARA). The MVP phase of the preparatory phase allows approved licensees to meet all the prerequisites necessary to conduct MVP market operations within the VARA system. Crypto.com obtained MVP preliminary license from Dubai Virtual Assets Regulatory Authority Analysis based on this information:Crypto.com, a Hong Kong-based cryptocurrency platform, has recently announced that it has been granted a preliminary license by the Dubai Virtual Assets Regulatory Authority (VARA). The license enables the company to operate its MVP (Minimum Viable Product) within the VARA system, following completion of all the necessary prerequisites. This announcement is significant for several reasons. Firstly, it represents a key development in the growing acceptance and regulation of cryptocurrency in the Middle East. Dubai has been at the forefront of several initiatives aimed at promoting blockchain and digital currencies, and this license represents a…
-
Sun Yuchen Responds to Zhao Changpeng’s Concerns About TUSD Market Making
According to reports, Sun Yuchen responded to Zhao Changpeng on Twitter that as a partner market maker of TUSD, TRON DAO Venture\’s main purpose of depositing into TUSD is to promot
-
Ethereum Withdrawals on Beacon Chain: Majority Occur on Centralized Exchanges
On April 30th, according to data compiled by 21Shares Research, approximately 90% of pledged Ethereum withdrawals on the beacon chain occur on centralized exchanges (Kraken, Binanc
-
Polygon zkEVM is now fully open source with a bug reward of up to $1 million
On March 28th, Polygon Labs announced that its Polygon zkEVM has been fully open source under the AGPL v3 license. The trial version of the main network of Polygon zkEVM has also b