Recession is not ‘inevitable,’ says Treasury Secretary Janet Yellen

The U.S. economy is likely to slow in coming months, but a recession is not inevitable, Treasury Secretary Janet Yellen said Sunday.Consumer spending is strong, bank balances are high and the unemployment rate is near historic lows — all indications that recession is not a given, Yellen said on ABC’s “This Week.”

from New York Daily News https://ift.tt/ZCFDxtS