(Finance) – The US Secretary of the Treasury Janet Yellen she came back to talk about the fact that there is an ongoing “soft landing” of the US economy and that a prolonged period of low inflation and rising wages auntil the Americans “feel good about their future prospects.”He said this in the interview with CNN after the solid data on job growth in December, which Consumer spending patterns suggest confidence in the economy.
“What we’re seeing now I think can be described as a soft landing and my hope is that it continues,” he underlined.
Formerly chair of the US Federal Reserve, Yellen declined to comment on how she thinks the Fed should proceed, but he underlined that the US central bank managed monetary policy well. “The path of the labor market, the economy and inflation suggests that the Fed has made a number of good decisions.”he underlined.
This isn’t the first time Yellen shows moderate optimism. “I am very happy that some of the pessimism expressed when we met last year remains unjustified. The global economy continues to be in a better situation than many thought,” he said some time ago.
And in particular on the US economy, he has repeatedly spoken about “soft landing” meaning that “the economy continues to grow, the job market remains strong, and inflation falls.” Yellen – who spoke at the Wall Street Journal CEO Council Summit in Washington at the end of October, underlined that inflation is “certainly decreasing significantly” – there will be no particular difficulty in “walking the last mile” to bring inflation back to the Federal Reserve’s 2% target. Therefore disavow them analyst forecasts more pessimistic with Yellen than – so far – he was right.