CLEVELAND (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that new GDP data shows strength in the U.S. economy but also some evidence of a healthy slowdown that could have a positive impact on inflation.
Speaking to reporters on a trip to Cleveland to tout the Biden administration’s economic policies, Yellen said she still does not anticipate a recession, but the U.S. government has fiscal capacity to respond to economic weakness if appropriate.
(Reporting by David Lawder; Editing by Chris Reese)
