• U.S. Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy does not need further drastic monetary policy tightening to stamp out inflationary expectations and was on track to achieve a “soft landing” with strong employment.
  • “We don’t need that now,” Yellen said. “I believe the signs are very good that we will achieve this soft landing with unemployment stabilizing more or less we’re where it is in this general vicinity, and growth slowing to a sustainable level. I think that’s what we’re in the middle of.”