Yellen: Recession not inevitable, gas tax holiday weighed

The Conference Board is predicting 2.1% growth in Q2, which would mean no recession, despite what many in the market believe. So this will be interesting.

There is not an inch of strategic planning in the Biden administration. All reactions to stuffups they created themselves, and missed every opportunity to restore USA's strength.

In America,you are gonna spend money, whether you like it or not because the need to spend money ,is something you have to do in America,the US economy is self feeding beast

Sorry, gas tax holidays do not affect supply or demand thus have negligible impact on price and only oil company profits increase... this is just simple economics.

Yellen is either ignorant or looking out for oil stock holding buddies...

Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable.

Interesting slant on the situation in the US compared to the other story on JT about the effect of zero covid strategy on China's economy.

The move raised the target federal funds rate by three-quarters of a percentage point to a range of between 1.5% and 1.75%

Will take a few months before the pain from this move really hits.

"Biden... All reactions to stuffups they created themselves

Gimme a break. The current inflation is a "stuffup" we can blame on Trump.

In 2015, the Fed started raising rates to choke off emerging inflation, when Obama was in office. When Trump was elected he appointed Powell to the Fed. Then Trump cried about about the higher rates over and over again at every rally. Powell gave in to the bawling and dropped rates, despite a very hot economy.

The common grievance that the "fed didn't act soon" enough goes back to this. Yet another case of a Dem president inheriting an economic/financial mess from his conservative Republican predecessor -- and taking all the blame for it.