Janet Yellen suggests the U.S. economy is in recession after speaking with tech executives in Palo Alto.

1 report, 1 independent Updated May 20

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

FED Janet Yellen

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Consumer spending resilience is influencing the Federal Reserve's policy decisions.

Also in this story

Michael Wilson noted resilient fundamentals despite ongoing policy uncertainty.Jun 8
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All 5 developments

The entities involved

FED
business
- US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
- Iran closed the Strait of Hormuz, halting petroleum liquids movement and raising inflation concerns, which Donald Trump views as a potential solution.Mon 16:16
Janet Yellen
78th United States Secretary of the Treasury
- Scott Bessent criticized Janet Yellen's short-term borrowing reliance as the IMF advised fiscal consolidation for deficit countries.Thu 00:10

Related events

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The AI boom is transforming the economy, prompting debate over whether the FED is prioritizing inflation over financial stability.Sep 5

Coverage

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May 20housingwireFed's Yellen: "A Fog of Confusion"