Treasury Secretary: The U.S. Economy is Strong but Some Sectors are Experiencing Slowdowns

U.S. Treasury Secretary Janet Yellen stated today, Wednesday, that the U.S. economy is strong amid active consumer spending, but is experiencing slowdowns in certain areas. She added that she expects continued improvement in reducing inflation over the next two years. Yellen mentioned in an interview with CNBC that while banks are struggling in some activities, there is ample liquidity in the sector, and overall, banks should be able to withstand any pressures.