The US Treasury Secretary said that the high inflation in the United States is unacceptable to the expert's worry that the US economy is entering another decline

Overseas Network, June 20. According to the US "Forbes" website reported on the 19th, US Finance Minister Yellen raised interest rates in the Fed to fight against inflation for a few days, economic growth may slow down. In addition, some experts are worried that the US economy may enter another recession.

Yellen said in an interview with a radio company in the US Broadcasting Corporation that she expects the economy to slow down and transition to a stable growth. This is a very natural process, but she believes that economic recession is not inevitable. Yellen believes that the U.S. inflation is incomparable now. The U.S. government's priority should be to fight inflation, and the Fed needs to reduce inflation while maintaining a strong labor market.

The survey released by the Wall Street Journal showed that the possibility of US economic recession in 2023 was 44%, which was extremely high. Before the decline in the US economy in 2008, the data was 38%, and in February 2020, the probability of 26%given by economists was 26%. Recently, the investigation of the US Consulting also found that 76.1%of senior managers believed that the economy had declined, and 43.3%believed that the US economy would decline by the end of this year. (Overseas Network Hou Xingchuan)

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