The day before, US Treasury Secretary Janet Yellen acknowledged, that the US economy could face a recession as early as next year. These statements of the minister were made in an interview with TV presenter Nora O'Donnell on the American socio-political show "60 Minutes", broadcast by CBS.
I believe that, that by the end of next year we will see a rapid decline in inflation, if, of course, our economy will not be shocked again. At the same time, I have high hopes, that the labor market will keep calm and help the economy recover. People now do not need to worry about their funds and their personal socio-economic situation, the minister said on the air of the CBS television channel.
According to her,, recession risk still persists, and therefore, there is no reason to reduce inflation yet. Yellen's remarks followed after, as Producer Price Index, setting food prices before, How do they get on store shelves?, rose to 7,4 P. P., What's on 0,3% higher, than a month earlier.
note, that the Producer Price Index in October was fixed at 8%, which is below the level of March, when it reached an unprecedented scale in 11,4%.
As the head of the Federal Reserve said (FRS) USA Jerome Powell, Federal Reserve Bank (FRB) will continue to pursue a policy of gradually raising interest rates to continuously fight inflation in the country.
The head of the US Treasury also added, that the US economy has also suffered due to a serious wave of Covid-19, business felt it the most.. Despite the blow, pandemic coronavirus, the economy was able to subsequently secure good growth, including by increasing employment. Author:Egorenkov Alexander
