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Date
Summary
Sec. Yellen on GDP Growth Slowing Down Well Below Expectations: ‘There Could Be Revisions’ (clip) (clip)
Source
Reuters
Name: Reuters
URL: http://reuters.com
Show
–
Persons
Janet Yellen
Name: Janet Yellen
Employment: U.S. Department of the Treasury
Position: Secretary of the Treasury
Event
Event location
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Original recording
Uploaded
04/25/2024 05:35 pm
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Type
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0:00:49
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3
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Transcript
(GALLONI What is your ░░░░░░░░ hot off the presses ░░░░░░░░ today s first quarter ░░░░░░░░ Data at a first ░░░░░░░░ doesn t seem like ░░░░░░░░ great mix if you ░░░░░░░░ that it s the ░░░░░░░░ below trend growth in ░░░░░░░░ than a year and ░░░░░░░░ reacceleration of inflation Give ░░░░░░░░ your take Yellen So ░░░░░░░░ I focus on most ░░░░░░░░ the strength of consumer ░░░░░░░░ and investment spending And ░░░░░░░░ two elements of final ░░░░░░░░ came in in line ░░░░░░░░ last year s growth ░░░░░░░░ They grew at 3 ░░░░░░░░ percent So this is ░░░░░░░░ underlying strength of the ░░░░░░░░ S economy that that ░░░░░░░░ just continuing robust strength ░░░░░░░░ the economy firing on ░░░░░░░░ cylinders There were drags ░░░░░░░░ inventory investment and net ░░░░░░░░ that were larger than ░░░░░░░░ people expected A lot ░░░░░░░░ the data there is ░░░░░░░░ not yet in hand ░░░░░░░░ could be revisions.”
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