Yellen Assures No Indications of US Economy in Downturn, Cautions Against Government Shutdown

U.S. Treasury Secretary Janet Yellen not too long ago delivered a speech on the “Next Measures in the Evolution of Improvement Finance” at the Center for Strategic and International Research (CSIS) in Washington. Through her speech, she emphasized that she saw no indications of a downturn in the U.S. economy. Even so, she did express concern about the possible adverse effects on the economy if Congress fails to pass legislation to retain the government operating. Yellen stressed the value of avoiding any actions that could outcome in a loss of momentum in the economy. She firmly stated that there is no cause for a government shutdown at this point. Yellen’s comments highlight the require for continued stability and help for the economy in order to sustain its present constructive trajectory.