{"id":76905,"date":"2022-12-09T01:27:37","date_gmt":"2022-12-08T21:27:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=76905"},"modified":"2022-12-09T01:50:04","modified_gmt":"2022-12-08T21:50:04","slug":"yellen-us-recession-is-not-inevitable","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/yellen-us-recession-is-not-inevitable\/12\/09\/market-updates\/","title":{"rendered":"Yellen: US recession is not inevitable"},"content":{"rendered":"\n<p>US Treasury Secretary Janet Yellen said on Thursday that the Biden administration is listening to concerns raised by European allies over the US Inflation Reduction Act, a $430 billion green energy subsidy package.<br><br>Many European Union countries fear their companies will be unfairly disadvantaged by the subsidies contained in the new law.<br><br>Key Quotes<br><br>&#8220;We will look at what is legal and what is feasible,&#8221; Yellen told reporters.<br><br>Yellen said the US can avoid recession, given that there is no wage-price spiral and supply chain bottlenecks are starting to ease.<br><br>&#8220;Recession is not inevitable,&#8221; Yellen told reporters. She declined to say whether the dollar had peaked against other currencies.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Treasury Secretary Janet Yellen said on Thursday that the Biden administration is listening to concerns raised by European allies over the US Inflation Reduction Act, a $430 billion green energy subsidy package.Many European Union countries fear their companies will be unfairly disadvantaged by the subsidies contained in the new law.Key Quotes&#8220;We will look at &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61264,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7536,7485],"class_list":["post-76905","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-recession","tag-yellen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=76905"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76905\/revisions"}],"predecessor-version":[{"id":76911,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76905\/revisions\/76911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61264"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}