Amid widespread speculation regarding the possibility of a recession in the United States, the US authorities themselves have not dismissed the possibility of such a scenario.
US Treasury Secretary Janet Yellen stated that the agency does not rule out the risk of recession in the United States due to concerns over inflation and problems in the labor market. “It's not completely off the table. But we would expect, with the job market as strong as it is now, to see a slower pace of ongoing job gains,” she told CBS.
However, US officials consider a possible slight economic slowdown to be completely normal and acceptable, given the key factors currently influencing the American economy.
“It's appropriate and normal that growth should moderate, but we have a healthy economy, a great labor market, inflation too high, and a concern of ours and the American people, but coming down over time,” Yellen added.
Earlier, Federal Reserve Chair Jerome Powell said that while a recession in the US was still possible, it was not the most likely scenario for the US economy.
