Yellen does not see recession in U.S. - Bloomberg interview

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Yellen does not see recession in U.S. - Bloomberg interview
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U.S. Treasury Secretary Janet Yellen said on Monday the United States was making good progress in bringing inflation down and she did not expect the U.S. economy to enter into a recession.

Yellen, speaking to Bloomberg TV from India during a meeting of Group of 20 finance officials, said slower growth in China could spill over to other economies, but the U.S. economy was on "a good path" to reducing inflation while the labor market remained strong.

Yellen said Chinese officials raised serious concerns, especially about U.S. tariffs, during her visit earlier this month, but the underlying reasons that Washington implemented them in the first place, including unfair trade practices, had not been addressed.

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