Yellen Says GDP Data Show US Economy Is ‘Doing Very Well’

Treasury Secretary Janet Yellen said third-quarter growth data show the US economy is doing very well and that there is evidence of a soft landing, where inflation has eased without causing a recession.

“It’s a good, strong number and it shows an economy that’s doing very well,” Yellen said at an event in Bloomberg’s Washington office Thursday. She said she is “not expecting growth at that pace to continue, but we do have good, solid growth.”