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Yellen says recession ‘not completely off the table’ following latest jobs report
Treasury Secretary Janet Yellen in an interview from Beijing would not rule out any potential recession in the U.S. following the latest jobs report that showed a slowdown in the labor market. “It’s not completely off the table,” Yellen said when asked what the odds are of a potential recession on CBS News’s “Face the Nation,” in an interview to be aired on Sunday. “But we would expect, with the job market as strong as it is now, to see a slower pace of ongoing job gains. Prime age labor force participation is at the highest level in several decades, so we’ve seen this strong job market attract ... (full story)