Yellen Declares US Economy Has Achieved Soft Landing
- Real wage increases mean American workers ‘getting ahead’
- Treasury Secretary Janet Yellen speaks in televised interview
Janet Yellen
Photographer: Chip Somodevilla/Getty ImagesTreasury Secretary Janet Yellen declared Friday the US economy had achieved a long-sought soft landing, a historically unusual event in which high inflation is tamed without significantly damaging the labor market.
“What we’re seeing now I think we can describe as a soft landing, and my hope is that it will continue,” Yellen said Friday in an interview with CNN.