Yellen Asserts U.S. Economy on Track for a Soft Landing

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Treasury Secretary Yellen believes the US economy is poised for a soft landing, citing recent employment data that suggests a cooling trend without significant layoffs, indicating a 'deep recovery.'

According to BlockBeats, U.S. Treasury Secretary Janet Yellen has stated that the American economy is in good condition. Speaking on September 8, Yellen highlighted that recent employment data, which has shown a cooling trend over the past few months, indicates that the economy is heading towards a soft landing rather than a recession. She emphasized that there have been no significant layoffs and described the economic situation as a 'deep recovery.'

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