Treasury Secretary Janet Yellen speaks Thursday at a news conference on the state of the U.S. economy.
Yellen’s comments follow news that the U.S. economy contracted for the second consecutive quarter from April to June, according to an advance estimate from the Bureau of Economic Analysis. Gross domestic product declined 0.9% at an annualized pace for that period. The economy shrank by 1.6% in the first quarter.
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Treasury Secretary Janet Yellen talks about the state of the U.S. economy — 7/28/2022
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