Awani Review

Complete News World

Secretary of the Treasury says recession is unlikely in the United States

Secretary of the Treasury says recession is unlikely in the United States

A recession is not possible in the United States, but there is a risk, according to US Treasury Secretary Janet Yellen, who went into pop culture thanks to a question about rapper Cardi B, who anticipates a recession.

Read more: The White House has warned that inflation will be even higher in May

Read more: According to the OECD, the economy is in a dark year and at risk of worsening

Read more: American economy: Musk has a “very bad feeling”

Joe Biden, Minister of Economy and Finance, told the New York Times on Thursday that “there is a risk of a recession” amid growing fears about monetary policy measures to reduce inflation.

But “is it possible?” To the question, “I don’t think so,” she replied.

Many observers are worried about the recession as the US Federal Reserve (Fed) tightens its monetary policy to reduce demand and reduce inflation.

However, Janet Yellen believes that “soft landing” is possible in a way that will reduce inflation without pushing the economy into recession or reducing the burden on employment.

Asked by Treasury Secretary about US rapper Cardi B, he wondered on Twitter on Sunday when the economic downturn would be announced.

“I do not have much time for her, but I know her,” the minister replied.

Inflation figures for May will be released on Friday, which should be higher, but may indicate that the recession that started has continued.

In April, the rise in prices actually slowed, however, to + 8.3% in one year, the highest in 40 years seen in March to + 8.5%.

See also  "We're screwed"

The US Federal Reserve raises its rates to control inflation and reduce consumption and investment. It has already been raised twice, and they are now in the range of 0.75 to 1.00%.

And it will continue to screw a new twist, probably by half a percentage point, at the next meeting of its currency board on Wednesday.

“This is a way to improve the health of the worms and to deal with the large amount of food waste in the West,” Rinke said.

But if more worms can be bred for this purpose, he imagines another path: to create recycling plants that mimic what the larvae do, first shredding the plastic and then disposing of it.

“Ultimately, we want to remove superworms from the equation,” the researcher explained, adding that he now plans to do more research aimed at finding the most effective enzymes and improving them further through enzyme engineering.