Yellen does not see U.S. recession, says U.S. economy on ‘good path’

Treasury Secretary Janet Yellen on Monday sounded an optimistic note on the prospect of avoiding a recession, citing the strength of the U.S. labor market and “encouraging” inflation data.

“I don’t expect a recession,” the treasury chief said in a Bloomberg Television interview, speaking from India on the sidelines of a Group of 20 finance officials’ meeting.

“I…