US Treasury Secretary Yellen: A soft landing is “possible”

Speaking at a New York Times event early Thursday, US Treasury Secretary Janet Yellen said that the US economy will likely be able to achieve a so-called "soft landing," in which inflation slows without tipping the economy into a sharp recession.

Key quotes

“I believe there is a path by which a soft landing could happen.”

 “I believe there are risks to that path, but I believe it is certainly possible for us to have a soft landing.”