(Morning News) US Treasury Minister Yellen has confidence in anti -inflation against the US Federal Reserve, saying that he has not seen any signs of comprehensive decline in the US economy.
Bloomberg reported that Yellen Sunday (July 24) was interviewed by the National Broadcasting Corporation (NBC) and said, "We may see that employment creation has slowed down.. The recession is a wide range of economy. We haven't seen this now. "
In view of the fastest increase in US consumer prices at the fastest speed in 40 years, more and more analysts believeEconomic decline and higher unemployment rate can significantly relieve price pressure.The Fed started the largest interest rate hike since 1994, and it is expected that 75 basis points will be raised again this week.
Yellen said that inflation is "too high", and at the same time reiterated the view of the Biden government, that is, the inflation of many other developed economies is also very high.
Yellen said: "The Fed is responsible for formulating a policy that will lower inflation. I expect them to succeed."
The recruitment of the United States in June is still strong, creating 37,20,000At work, the unemployment rate remains at 3.6%.The number of new employment in the United States has exceeded 350,000 for four consecutive months.
