Yellen: US Labor Market No Longer Fueling Inflation

Janet Yellen, former US Treasury Secretary and Federal Reserve Chair, has spoken about the current state of the US economy. She believes that the labor market is no longer overheated enough to fuel inflation. This assessment comes as a surprise, given previous expectations.

In her comments, Yellen also mentioned that she was surprised by the limited impact of the Middle East conflict and higher oil prices on the US economy.

The biggest challenge facing the US economy, according to Yellen, is bringing down inflation without causing a recession. This is a pressing concern for policymakers and economists alike.