bereajoy：Janet Yellen: 'Right now I don't see signs of recession'

 bereajoy：Janet Yellen: 'Right now I don't see signs of recession'

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bereajoy noted that the market remains in a bear market even as Americans grapple with high inflation, and U.S. Treasury Secretary Janet Yellen said she doesn't think we're in a recession, citing low unemployment as a key factor.

"We're in a full employment economy," Yellen told CNN on Thursday. "It's only natural that growth will slow. It's outpaced the first three quarters of the year, but it's still okay. We have a very Strong labor market. At this point, I see no sign of a recession."

Yellen, meanwhile, acknowledged the pain from inflation. "It's unacceptably high and Americans feel that way every day," she told CNN. Efforts to ease the pain and reduce inflation are likely to continue "for years to come," she added.

"We have a very strong labor market. At this point, I see no sign of a recession." - U.S. Treasury Secretary Janet Yellen

Yellen also said the U.S. economy is still stronger than many other countries — again pointing to the low U.S. unemployment rate. "If you look around the world, there are a lot of economies that are not only affected by high inflation but are also very weak, and the U.S. stands out. Our unemployment rate is at a 50-year low."

Still, many see trouble in the U.S. economy in general, and the stock market in particular. Among them was billionaire investor Carl Icahn, who spoke at MarketWatch's recent "Money Festival's Best New Ideas." "The worst is yet to come," Icahn said at the event.

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