Premium Only Content

Janet Yellen: 'You don't have a recession' when U.S. unemployment at 53-year low’
Janet Yellen: 'You don't have a recession' when U.S. unemployment at 53-year low’
U.S. Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a U.S. recession, with inflation coming down significantly and the economy remaining strong, given the strength of the U.S. labor market.
"You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years," Yellen told ABC's Good Morning America program.
"What I see is a path in which inflation is declining significantly and the economy is remaining strong."
Yellen said inflation remained too high, but it had been falling for the past six months and could decline significantly given measures adopted by the Biden administration, including steps to reduce the cost of gasoline and prescription drugs.
U.S. Labor Department data released Friday showed job growth accelerated sharply in January, with nonfarm payrolls up by 517,000 jobs and the unemployment rate dropping to a 53-1/2-year low of 3.4%.
READ MORE: https://finance.yahoo.com/news/yellen-dont-recession-u-unemployment-132432963.html
Links for B.C.
Visit My Website
https://bcbegley.com
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoU...
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley
Follow Me On Parler
https://parler.com/profile/Bcbegley20...
Watch Me On BitChute
https://www.bitchute.com/channel/FYML...
Subscribe To The Apocalypse Watch App
https://newapocalypsewatch.com
-
0:52
B.C. Begley
9 minutes agoLandlord who stabbed Palestinian American boy to death dies in prison
-
56:00
Omar Elattar
9 months agoHow I Made $800M, Got Depressed & Now Spend $2M Per-Year On My Anti-Aging Health Routine!
1.48K -
24:24
GritsGG
12 hours agoSpectating Random Solos with the Rank 1 Player - Pro Strategies!
727 -
LIVE
Lofi Girl
2 years agoSynthwave Radio 🌌 - beats to chill/game to
298 watching -
9:27
MattMorseTV
2 days ago $17.85 earnedHe just lost EVERYTHING.
70.6K111 -
7:10:39
MyronGainesX
1 day agoFormer Fed Explains Serial Killer Israel Keyes, Yahweh ben Yaweh, And The El Rukn Gang, And Police Shooting Reactions!
127K30 -
4:22:33
Due Dissidence
13 hours agoGaza STARVATION Hits Tipping Point, Flotilla CAPTURED, Bongino BREAKS SILENCE, Maxwell MEETS DOJ,
49.9K126 -
10:52:37
GritsGG
14 hours agoWin Streaking! Most Wins 3180+! 🔥
90.3K1 -
3:01:03
This is the Ray Gaming
6 hours agoSunday Night LIVE | Rumble Premium Streamer
24.8K -
2:42:31
Barry Cunningham
11 hours agoPRESIDENT TRUMP IS SAVING AMERICA ONE DEAL AT A TIME! UNBELIEVABLE!
90.5K49