Last month’s banking crisis in the U.S. could still hurt businesses by making loans harder to come by, but Treasury Secretary Janet Yellen believes it could also help the U.S. economy find its way to a Goldilocks zone, where the growth slows down just enough that inflation peters out, but not so much to collapse.
“I do think there’s a path to bring down inflation while maintaining what I think all of us would regard as a strong labor market, and the evidence I’m seeing suggests we are on that path,” Yellen said in an interview with CNN’s Fareed Zakaria aired Sunday. “I think that what people call a soft landing is possible.”
