U.S. Treasury Secretary Janet Yellen reassured the public that the U.S. economy remains "solid" despite weaker job reports. At the Texas Tribune Festival, Yellen stated that while hiring and job openings have slowed, there are no significant layoffs. She noted that the economy is recovering and operating near-full employment despite the cooling job growth. The Federal Reserve is expected to lower interest rates soon as it navigates a “soft landing” for the economy.
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00:00It's Benzinga, and here's what's on the block.
00:02U.S. Treasury Secretary Janet Yellen reassured the public that the U.S. economy remains solid
00:07despite weaker job reports.
00:09Speaking at the Texas Tribune Festival, Yellen stated that while hiring and job openings
00:13have slowed, there are no significant layoffs.
00:16She noted that the economy is recovering and operating near full-term employment despite
00:20the cooling job growth.
00:21The Federal Reserve is expected to lower interest rates soon as it navigates a soft landing
00:26for the economy.
00:27For all things money, visit Benzinga.com.
00:30For more information visit www.fema.gov