Yellen says not seeing signs of weakening labor market that would bring recession fears

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Yellen says not seeing signs of weakening labor market that would bring recession fears

US Treasury Secretary Yellen comments via news sources:

• 
  Economists who predicted that taming inflation would require very
  high unemployment are 'eating their words'
• Not seeing usual
  signs of weakening labor market that would bring fears of recession
• U.S. Growth will
  come down, but not seeing weakness on spending side of economy
• Demand continues to
  be adequate to power US Economy forward at trend-growth-like rates

Also comments on geopolitics from Yellen:

• 
  US would be 'responsible for e's defeat' if Biden funding
  request fails to win approval by congress
• US aid to e
  'utterly essential' to keep government operating, maintain IMF
  financial support to e

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Yellen says not seeing signs of weakening labor market that would bring recession fears

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