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Yellen Assures No Indications of US Economy in Downturn, Cautions Against Government Shutdown
U.S. Treasury Secretary Janet Yellen recently delivered a speech on the “Next Steps in the Evolution of Development Finance” at the Center for Strategic and International Studies (CSIS) in Washington. During her speech, she emphasized that she saw no indications of a downturn in the U.S. economy. However, she did express concern about the potential negative effects on the economy if Congress fails to pass legislation to keep the government running. Yellen stressed the importance of avoiding any actions that could result in a loss of momentum in the economy. She firmly stated that there is no reason for a government shutdown at this point. Yellen’s comments highlight the need for continued stability and support for the economy in order to sustain its current positive trajectory.
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