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Date
Summary
Janet Yellen: Data Suggests We’re on a Path to Soft Lending (clip)
Subjects
Source
CNBC
Name: CNBC
URL: http://www.cnbc.com/
Show
Squawk on the Street
Name: Squawk on the Street
URL: http://www.cnbc.com/id/15838381
Persons
Janet Yellen
Name: Janet Yellen
Employment: U.S. Department of the Treasury
Position: Secretary of the Treasury
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–
Event location
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Link
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Original recording
Uploaded
09/26/2024 10:27 am
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Video
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MP4 (720x406)
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0:00:20
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Transcript
RUSH TRANSCRIPT The economy ░░░░░░░░ revisions to GDP this ░░░░░░░░ Told us we didn ░░░░░░░░ have two negative quarters ░░░░░░░░ 2022 Generally upward Gross ░░░░░░░░ income came towards GDP ░░░░░░░░ is a kind of ░░░░░░░░ only for the wonks ░░░░░░░░ all of us here ░░░░░░░░ do you see us ░░░░░░░░ towards a soft landing ░░░░░░░░ do you feel like ░░░░░░░░ is sufficiently under control ░░░░░░░░ think that all of ░░░░░░░░ indications we re seeing ░░░░░░░░ in the labor market ░░░░░░░░ respect to inflation and ░░░░░░░░ respect to growth suggests ░░░░░░░░ re on a path ░░░░░░░░ a soft landing Of ░░░░░░░░ there are always risks ░░░░░░░░ are seeing a less ░░░░░░░░ labor market and some ░░░░░░░░ a little bit more ░░░░░░░░ in the labor market ░░░░░░░░ we had previously The ░░░░░░░░ rate has drifted up ░░░░░░░░ by historical standards but ░░░░░░░░ this is going to ░░░░░░░░ out to be a ░░░░░░░░ situation with the Fed ░░░░░░░░ continued strength in the ░░░░░░░░ market and inflation has ░░░░░░░░ down considerably the last ░░░░░░░░ on inflation involves housing ░░░░░░░░ and I believe there ░░░░░░░░ good reason to think ░░░░░░░░ they will fall market ░░░░░░░░ have declined considerably and ░░░░░░░░ a lag I think ░░░░░░░░ ll see housing costs ░░░░░░░░ further and take the ░░░░░░░░ to its 2 target ░░░░░░░░ ve said for a ░░░░░░░░ time I always believed ░░░░░░░░ there was a path ░░░░░░░░ a soft landing that ░░░░░░░░ was possible to bring ░░░░░░░░ down while maintaining a ░░░░░░░░ labor market and to ░░░░░░░░ that s what the ░░░░░░░░ suggests has happened.
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