Sec. Yellen: ‘We Can Feel Great About Our Economy, U.S. Is Firing on All Cylinders’

‘Inflation is coming down, the job market is very strong’

EXCERPT:

EISEN: “One thing that’s helped the dynamic is the U.S. is coming with a strong hand right now on our economy.”
YELLEN: “I think we can feel great about our economy. There’s —” [crosstalk]
EISEN: “I was going to ask you what you made of this last jobs report.”
YELLEN: “Well, it just shows that U.S. is firing on all cylinders. I mean, in terms of short-term performance, inflation is coming down. The job market is very strong. Growth has really been a lot stronger than I would have expected at this — at this stage. We had 3.1 percent growth last year. Inflation is coming down. Labor supply is up and we’re seeing some of the pressures we might worry about coming from the labor market impacting inflation. They’re subsiding, but unemployment remains very low.”

 

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