The U.S. economy added over half a million jobs in January, blowing expectations out of the water in the first month of the year — revealing that the labor market continues to remain strong despite the Federal Reserve’s aggressive monetary tightening in its fight to tame inflation.
Yellen: Fed Will Need ‘Luck’ & ‘Some Skills’ To Get ‘Soft Landing’
Treasury Sect. Yellen says the Federal Reserve needs "luck" and skills to avoid an economic crash
Treasury Secretary Janet Yellen struck a hopeful tone in the Federal Reserve achieving a soft landing, saying the Central Banks will need some “luck” and “some skills,” but warned that a looming recession will be a “risk” for the Biden administration in the upcoming months.