U.S. Treasury Secretary Janet Yellen has asserted that tariffs won’t trigger a U.S. recession, aiming to calm market anxieties surrounding trade policies. She emphasized the robust state of the American economy despite existing tariffs, citing strong domestic consumption and investment as buffers against a downturn. While some economists remain divided on long-term effects, Yellen’s remarks underscore a limited impact from current tariffs. 🔍
Yellen specifically highlighted the resilience of U.S. economic indicators at an economic forum, stating that though tariffs present some headwinds, domestic consumption and investment provide significant cushioning against a recession.