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As the US sharply raises interest rates due to inflation, there are concerns that it could lead to a recession.

However, US Treasury Secretary Allen is optimistic that a recession is not inevitable.

However, economists in the United States thought otherwise.



Correspondent Kim Jong-won reports from New York.



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U.S. Treasury Secretary Janet Yellen has made a statement that a recession is not necessarily inevitable, amid predictions that the U.S. Federal Reserve may take a giant step by raising interest rates by 0.75 percentage points next month after this month. I did.



[Janet Yellen / US Treasury Secretary: It is natural for the US economy to transition to a stable growth system.

However, this does not necessarily mean that a recession is inevitable.]



President Biden made the same remarks last week, but it is said that the Biden administration, which has turned on the red light in the midterm elections in November due to the worst inflation, is throwing out optimistic messages one after another. no see.



Yellen said inflation, the main culprit of the recession, is unacceptable, but she is optimistic that things are going well in the United States because the economy is healthy.



[Janet Yellen/U.S. Treasury Secretary: I am sure inflation will stabilize soon.

Because the US job market is very strong right now.]



Secretary Yellen hinted at lowering tariffs on Chinese goods along with lowering fuel taxes to keep inflation in check.



[Janet Yellen/U.S. Treasury Secretary: We are considering a plan to reduce unreasonable and unnecessary burdens by re-adjusting some tariffs on Chinese products.]



Meanwhile, US economists estimate that the probability of a recession within one year is 44%, 50%. They answered that it was close, and it appeared that they thought the opposite of what Minister Yellen said today (20th).



The Wall Street Journal said that it was the first time the figure had been so high since the survey began in 2005, and that even in December 2007, when the financial crisis began, the chance of a recession was 38%.