Yellen: 'Not anticipating a downturn' in the US economy | CNN Business

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US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil among regional financial institutions

“I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said at a press conference Tuesday ahead of the spring World Bank meetings. “I believe our banking system remains strong and resilient; it has solid capital and liquidity.” She added that the “US economy is obviously performing exceptionally well,” noting solid job creation, moderating inflation and robust consumer spending.

The US Treasury, in conjunction with the Federal Reserve and the Federal Deposit Insurance Corporation, intervened after the regional bank failures to ensure bank customers could access all their money and to attempt to stave off future bank runs. Yellen at the time said the “decisive and forceful actions” taken helped stabilize the situation and added that the “US banking system remains sound.

 

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A democratic defending the democratic policies.

Great reporting Yellen and the Biden administration have been incorrect 100% on the economy as they hurt American families

🤡🤡🤡🤡 CNN. State Affiliated Media.

We believe you’re a criminal and will make sure your financial wellbeing is taken care of before everything collapses and we lose our money

...okay, now I'm concerned.

She’s lying.

But the people are suffering.

The economy is on the verge of implosion. CNN, you’re a joke.

She’s lying. 74% of Americans are living paycheck to paycheck. Car loan defaults are the highest in history. Credit card debt has exceeded 2008 levels. Emigration amongst wealthy US citizens is at an all time high. The dollar is on the verge of collapse.

Let's wait and see!

fakenews

Lmfao

Yellen is a lier

I totally believe her. Remember transitory inflation?

That fool

she would say anything the banks tell her to say. Her salary is 95% speaking fees from the banks and HF, while the other 5% is her salary as state employee.

Dobby lived?!

All she's short of having is a violin so as to serenade all of us to zzzzz. All a well scripted mind bending monologue.

That’s cute. Greenspan did too in 2007.

Put her on a lie detector and ask , What is keeping it 'strong' , Janet ?

Right…..and I trust her, why?

As you look around at your town, friends, family, your own financial situation, does it feel that way to you?

Doesn't she just make you feel all warm and fuzzy about our economy? She's been right....uh....well....🫤

Spoken like a true Biden supporter

I don’t really feel comfortable with Aunt Bee running the treasury

Most Americans are struggling yet our govt thinks the economy is strong. I think it's time all officials are removed from their little elitist bubbles to see how the rest of us are living.

Well, like the rest of this administration, she lies. Plain and simply speaking, inept.

Yellen and cnn - two massive losers…

She also mentioned the sky is actually orange not blue, bleach is underrated as a nutritional supplement, inflation is transitory, & even if there are 8 consecutive quarters with shrinking GDP it doesn't count as a recession if it's a Democrat Administration 🤡🤡🤡🤡

She said inflation was transitory. She also said the Biden budget lowers deficit when the Biden budget adds 17 trillion to budget

CNN is a bunch of lying trash Saudi Arabia France And now Egypt is joining China against us China is taking Taiwan We're finished

She can believe what ever she wants like how she believes quantitative easy would not put extreme downward pressure on the US dollar. 😂

Of course she does........

You are a sponge if you believe Yellen. Inflation is transitory.

Other countries ditching the petro dollar does not bode well

Like she would honestly say something negative. How many people do you know that say they’re terrible at their job?

And she'll be in the front of the line saying 'my boss is doing a great job'

CNNAfrica do you remember 7 years ago when you called us Kenya a hotbed the KOT is dormant

She is off her rocker

'believes'

You better look at the currency market.

Delusional knowledge

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