Yellen says no red lights flashing for financial risks, & US economy reached soft landing

US Secretary of the Treasury Janet Yellen spoke over the weekend at on Saturday at the Texas Tribune Festival.

Bloomberg (gated) summarised her comments:

• “For the US, the kinds of metrics that we would monitor that would summarize risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”
• “While there are risks, it really has been amazing to be able to get inflation down as meaningfully as we have” while maintaining strong growth
• “This is what most people would call a soft landing.”

• “I’m attentive to downside risks” on employment, she said, adding that job growth is solid.

Not a controversial view from Yellen. Though some will disagree.

This article was written by Eamonn Sheridan at www.forexlive.com.