United States Treasury Secretary Janet Yellen asserted on Friday that the country's economy can still achieve a soft landing despite the stress caused by the banking crisis, APA reports citing CNN.
"I think there's a path to bring down inflation while maintaining what I think all of us would regard as a strong labor market. And the evidence I'm seeing suggests we are on that path ... Are there risks? Of course. I don't want to downplay the risks here, but I think that's possible," Yellen told CNN in an interview.
Yellen also commented on the relations between the US and Russia, insisting Moscow should pay for the destruction its troops caused in Ukraine. To make this happen, she explained that there are already discussions about potential mechanisms. "That's a responsibility that I think the global community expects Russia to bear," Yellen concluded.
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