11/30/2022, 3:44 PM (Source: TeleTrader)
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Yellen: 4% unemployment rate 'healthy'

United States Treasury Secretary Janet Yellen said on Wednesday, speaking at the New York Times' DealBook Summit, that there are signs that job openings are starting to fall.

Yellen continued by saying that although she is unsure what the "right" unemployment rate is, she believes that rates in the 4% range are seen as "healthy."

Yellen further noted that even though the economy in the country "has slowed as anticipated," it is still operating "at a healthy level." She asserted that it is still possible for the US to "have a soft landing."

Baha Breaking News (BBN) / AY